Sir Mervyn King said that the recovery of the British economy will depend very much on wider conditions in the world economy.
Announcing the Bank of England's quarterly forecast, he said there is a limit to what domestic measures can achieve.
More top news
Shocking CCTV footage shows the moment a man launched a vicious attack on his victim while his young child watched on.
Two police officers have resigned over an "inexplicable" message about the Shoreham air crash disaster.
David Cameron will promise to build 200,000 affordable new homes to transform young people from "generation rent to generation buy".