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Bank of England Governor Mervyn King warns on interest rate rise
Bank of England Governor Mervyn King warns on interest rate rise High debt levels pose “massive” economic challenges that would be exacerbated by higher interest rates, the Governor of the Bank of England said. Mervyn King: 'The economic consequences of high-level indebtedness now would become more severe if rates were to rise' Photo: REUTERS By Amanda Andrews 5:30AM BST 03 May 2011 Follow Amanda Andrews on Twitter Comments