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

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