Reuters: Economy set for bumpier ride-King The Bank of England cannot fine-tune the economy and anyway targets inflation, not growth, Governor Mervyn King said on Tuesday, boosting expectations the central bank is not poised to cut interest rates again. In testimony to a parliamentary committee, King said the economy appeared to be on course for a bumpier ride over the coming years after the remarkable stability of the last few. "The idea that the MPC can fine-tune the economy and can in fact ensure that the economy always seems to grow at some fixed rate every quarter is absolutely imaginary," he said.