Bank of England

Sir Mervyn King, the outgoing head of the Bank of England, has called for an end of banker bashing saying it's wrong to "demonise individuals" for the failure of the financial system.

The final Inflation Report of governor Mervyn King's term has seen the Bank of England revise up growth forecasts but caution inflation will still likely peak above 3% this year.

The Bank of England needs to remind the public and businesses that interest rates will one day rise again, a former Monetary Policy Committee member has warned.

The Bank of England has held interest rates for the 50th month in a row and opted not to increase the size of its QE programme at its May meeting.

The UK may be about to experience its first real property crash, according to Justin Urquhart Stewart, founder of Seven Investment Management (7IM).

FIVE CHALLENGES CARNEY FACES

George Osborne has told the Financial Policy Committee (FPC) to prioritise short-term economic growth while acknowledging the difficulty in managing its dual objectives.

The embattled Bank of Ireland (BoI) has come under fresh attack for "unfairly" hiking the interest rates of thousands of borrowers on ‘tracker' mortgages, despite a static base rate.

David Child, the former managing director of The Exchange and 1st Software, has been appointed non-executive chairman at Finance & Technology Research Centre (F&TRC).

Mervyn King, the outgoing governor of the Bank of England, has warned central banks risk becoming more politicised as a result of their efforts to tackle the banking crisis and subsequent recessions.