Bank of England

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.

The Bank of England has opted not to implement further quantitative easing and held interest rates at 0.5% for the 49th consecutive month.

Banks and buildings societies are likely to make fresh cuts to mortgage rates, according to the Bank of England (BoE).

The Bank of England's Financial Policy Committee (FPC) has said UK banks had a £25bn shortfall in their capital requirements at the end of 2012, as stricter capital requirements impacted balance sheets.

The Governor of the Bank of England has said the financial crisis is "far from over" as he joined fellow central bank chiefs, including Ben Bernanke, to discuss economic policy.

The Bank of England voted 6-3 against more quantitative easing this month, saying a further round of purchases could cause an "unwarranted depreciation in sterling".

The collapse of debt burdened firms that were bought up by private equity companies before the financial crisis could pose the next major risk to the stability of the UK's economy, the Bank of England has warned.