Mervyn King: "Foot firmly on monetary accelerator"
The Governor of the Bank of England, Mervyn King, has said he is more concerned about the strength of the recovery than inflation.
His comments, made during an appearance in front of the House of Commons Treasury Select Committee, suggest he believes interest rates should stay low for the foreseeable future.
Mr King said he could not be confident that growth was firmly established.
Latest figures show the UK economy grew by 1.1% in the second quarter.
28 Jul 2010
- From the section Business