Bank of England: Interest rates 'should stay low'

Name: Bank of England: Interest rates 'should stay low'
Uploaded: 2014-10-17T17:32:48.000Z
Duration: 2 min 34 s
Description: Interest rates should remain low to avoid long-term economic stagnation, the chief economist at the Bank of England has said.

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Interest rates in the UK should stay lower for longer because of weaker than predicted global growth, according to the Bank of England's chief economist.

Andrew Haldane says he's "more gloomy" about Britain's economic outlook.

Robert Peston reports.

17 October 2014