Following are highlights of a news conference held by Bank of England Governor Mervyn King following the central bank's May quarterly Inflation Report on Wednesday. "We don't know what will happen in the future. We are not sure. We will look at the data. I don't know what will happen to interest rates. No does anyone else. What I do l know is that the committee will respond to the actual date." Asked whether interest rates were stimulative or neutral at the moment, King said he didn't know. Asked whether UK interest rates might have been increased too far and might crush consumer demand, King replied "only time will tell." "Fiscal policy has to be set in order to meet the fiscal rules over the next cycle." "It is important that the fiscal rules are met because that is a key part of the combined monetary and fiscal outlook." He said the committee would look at the fiscal position in depth again in November. "There aren't many households in that position. The numbers aren't large enough to make a difference for consumer spending as a whole.