UK's Osborne says recovery still needs central bank support

LONDON, July 11 Thu Jul 11, 2013 9:27am EDT

LONDON, July 11 (Reuters) - British finance minister George Osborne said on Thursday that economic recovery depended on continued stimulus from central banks.

"Monetary activism is what has been doing the heavy lifting," he told reporters, adding that weaker data from China and financial market volatility due to the expected scaling down of U.S. Federal Reserve monetary stimulus were evidence of how economic recovery in Britain and abroad relied on such support.