Nov rate hike is 'not a done deal' says BoE's King

Mervyn King, the Bank of England's governor, told the House of Lords on Tuesday 31 October that speculation of another interest rate hike in November is not a "done deal".

Addressing peers on the House of Lords Economic Affairs Committee, King said "there are no done deals on the Monetary Policy Committee, nor do we seek to manage expectations".

"We keep it simple. We wait until the meeting itself," he said.

It is widely expected that the nine-member MPC panel will raise the cost of borrowing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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 individual account