Sir Mervyn King: No need to change Bank's remit
The Bank of England's remit should not change to include anything other than the 2% target of inflation, the outgoing Governor Sir Mervyn King has told ITV News.
In the second of two exclusive interviews with Sir Mervyn, he said: "I'm not sure that there is any call for a major change in the remit."
He added: "What‘s most important is that we commit ourselves again to a very clear target for inflation of 2%."
Read: The hopes and regrets of the Bank's outgoing Governor
Read: BoE Governor: Recovery in 'sight' for UK economy
Hopes and regrets of the outgoing Governor
In the second of ITV News' exclusive interviews, a still-enthused Sir Mervyn King admits his main frustration during his tenure at the Bank.
BoE Governor: Recovery in 'sight' for UK economy
Recovery is "in sight" for the beleaguered economy, the Governor of the Bank of England has told ITV News in an exclusive interview.