In full: Former BoE Governor warns of a “very unpleasant period” ahead

Former Bank of England Governor Mervyn King blames central banks for fuelling the cost of living crisis by printing too much money during the pandemic.

King headed Britain’s central bank from 2003 to 2013, and oversaw the start of its QE programme in March 2009 during the global financial crisis.

But in more recent years he has criticised the scale of central bank asset purchases, which were funded by newly-created money.

Read the full story here:

SUBSCRIBE to our YouTube channel for more videos:

#BankOfEngland #Economy #Business #Costoflivingcrisis

Follow us on Twitter:
Like us on Facebook:
Follow us on Instagram:
Follow us on TikTok:

For more content go to and download our apps:

Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí
Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden:

To enquire about licensing Sky News content, you can find more information here:

Articles You May Like

US citizen arrested in America a year after UK car crash which left nurse unable to walk
‘It just wasn’t to be’: Prince William and King share commiserations with Three Lions
Britain must be able to confront China, Russia, Iran and North Korea, warns new defence lead
Electrek Formula Sun Grand Prix 2024: Live stream and schedule
Stellantis is offering a home charger or public charging credits for buying one of its BEVs