Ex-Bank of England governor urges interest rate caution

Ex-Bank of England governor urges interest rate caution

A former governor of the Bank of England has told Sky News that while it was too slow to turn off the stimulus taps after the COVID pandemic, its actions to tame inflation are now "in the right area." Lord Mervyn King, who presided over the Bank’s response to the global financial crisis in 2008, was speaking as current policymakers prepare to meet ahead of the next interest rate decision on Thursday. Financial markets and economists currently expect a 15th consecutive rise, by 0.25 percentage points, taking the rate to 5.5%, a 2007 high. Read more: https://news.sky.com/story/ex-bank-of-england-governor-urges-interest-rate-caution-12964689 #bankofengland #economy #uknews SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales


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*Sky News*

Ex-Bank of England governor urges interest rate caution

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