King says further easing unlikely to work

Former Bank of England governor Mervyn King
Mervyn King

Monetary policy is reaching the limit of its strength and more drastic action will be required to break free of "quite serious disequilibria", warned former Bank of England (BoE) governor Mervyn King last night.

In one of his first public appearances since leaving the central bank in 2013, King said monetary policy would eventually run up against a logical limit.

Charles Goodhart, a former member of the BoE's monetary policy committee, moderated the discussion, held at the London School of Econo

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