# Prof. Mervyn King is interviewed about the UK's banking system

1 Faculty News December 29, 2014 ![BBC News logo](/sites/default/files/styles/246w/public/assets/images/con_030504.jpg?itok=xD3gBRnr)>

Excerpt from [BBC](http://www.bbc.com/news/business-30624046) -- "'The idea that we can go on indefinitely with very low interest rates doesn't make much sense,' said [Lord King](http://w4.stern.nyu.edu/faculty/bio/mervyn-king). However, he warned that if interest rates rose now, it 'would probably lead to another downturn.'"

[Read more](http://www.bbc.com/news/business-30624046)

Additional coverage appeared on [Bloomberg](http://www.bloomberg.com/news/2014-12-29/ex-boe-chief-king-says-rate-rise-now-may-cause-economic-downturn.html).