• Text size
  • Send this article to a friend
  • Print this article

King cautious over taking on inflation

BANK of England Governor Mervyn King has highlighted the economic dangers of raising UK interest rates too quickly.

CONSIDERED: Mr King said the price of oil and other commodities have fallen recently. Picture: Steve Cox
CONSIDERED: Mr King said the price of oil and other commodities have fallen recently. Picture: Steve Cox
Custom byline text: 
ian mcCONNELL

Yesterday he took a jump in benchmark inflation to 4.5% in his stride as the City was wrongfooted by the scale of the increase in annual UK consumer prices index inflation to 4.5% in April, from 4% in March.