Bank of England's King refuses to bail out banks, hints interest rates at their peak (International Herald Tribune)

Story date: 2007-09-12 06:26:12
Added on: 2007-09-12 07:00:11

Bank of England Governor Mervyn King stood firm against bailing out struggling banks on Wednesday, but hinted that interest rates had reached their peak as he made his first comments since the credit crisis swept global markets.


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