King: no need for low rates if world recovers

Bank of England Governor Mervyn King has said that if the world economy recovers, interest rates will not need to remain as low as they are. "So far we have been keeping rates low to ensure there was sufficient growth in domestic demand to offset the weaker external sector, and if the world economy recovers then of course we will not need to do that," King said.

Source: Reuters

Bank of England Governor Mervyn King has said the central bank will not need to keep interest rates as low as they are

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: