Rates low for too long, says ex-Bank of England boss

Quick Summary:

Lord Mervyn King says inflation has now been tamed and interest rates are "in the right ballpark".

Chancellor Rachel Reeves will set out the government's financial plans for the next year.

He criticised the previous government's national insurance cut and said Labour should reverse it.

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Article Details

Category: Business

Markets: United KingdomArgentinaCanadaFrance

Topics: England Bank King National Rates Lord Inflation Government Interest

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-29 @ 16:48:29 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 497 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 22775768

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Official Website: bbc.co.uk

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Year Established: 1922

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News Last Updated: 16 hours ago

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