BOE Likely to Keep Rates Low for Longer After EU Vote, King Says

  • Pound dropped to its weakest level since 1985 on Monday
  • Sterling decline may help to bolster inflation: King

After seven years of interest rates at a record-low 0.5 percent, the U.K. can expect that period to carry on for the foreseeable future, according to former Bank of England Governor Mervyn King.

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