Low interest rates have not driven inequality, says Bank of England deputy

Ben Broadbent also stresses Bank will carefully balance controlling inflation and supporting economy in future

A long spell of ultra-low interest rates has not driven a rise in inequality in the UK, the deputy governor of the Bank of England has said, rebuffing criticism that central bank policy had hurt some households.

Ben Broadbent also reinforced the recent message from the Bank that it would tread carefully in setting interest rates over the coming months as it deals with a trade-off between keeping inflation in check and supporting the economy after the Brexit vote.

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