Bank won’t hike rates as gesture to market: King

Houses of Parliament

Raising interest rates to signal to markets the Bank of England intends to combat inflation would be counterproductive, Mervyn King, the governor of the Bank of England, said on Tuesday.

At a hearing with the Treasury Select Committee on the Bank's February 2011 Inflation Report, King said the Monetary Policy Committee (MPC) believed raising interest rates as a gesture to markets was "self defeating", adding were the Bank's rate-setting committee to proceed with a policy measure that did not ref

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: