FACTBOX-Recent comments from Bank policymakers

LONDON (Reuters) - Following are recent comments from Bank of England Monetary Policy Committee members.

JOHN GIEVE, FINANCIAL STABILITY REVIEW

"The unavoidable correction after the credit boom is proving protracted and difficult."

"While there remain downside risks, the most likely path ahead is that confidence and risk appetite will return gradually in the coming months."

DAVID BLANCHFLOWER, SPEECH IN EDINBURGH, APRIL 29

Blanchflower said Britain faced a real risk of recession and house prices could crash by more than 30 percent unless the Bank of England took aggressive action.

"Developments in the UK are starting to look eerily similar to those in the United States six months ago. There has been no decoupling of the two economies; contagion is in the air," he said.

"A correction of approximately one third in house prices does not seem implausible in the UK over a period of two or three years."

MERVYN KING BEFORE TREASURY COMMITTEE, APRIL 29