King stresses wait-and-see approach to rate-setting


Mervyn King, the governor of the Bank of England, on Wednesday shot down the suggestion that the central bank's rate-setting committee was on the whole inclined towards policy tightening, stressing that the debate still focussed on the right amount of support for nascent recovery.

In his first appearance before the new UK parliament's Treasury Select Committee, King said the Monetary Policy Committee's present debates still concerned the right degree of stimulus, "not about applying the brakes."

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: