ECB, BOJ Seeking to Push Down Exchange Rates, Mervyn King Says

  • `There are clearly limits' to negative interest rates
  • Former Bank of England governor speaks on Bloomberg TV

Mervyn King: ECB, BOJ Are Trying to Push Down FX Rates

The European Central Bank and the Bank of Japan are essentially trying to push down the values of their respective currencies with the use of negative interest rates, former Bank of England Governor Mervyn King said.

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