Bank of England

Sterling has jumped against the dollar, reversing this morning's losses, after the Bank of England's Monetary Policy Committee (MPC) voted to keep its quantitative easing programme unchanged at £375bn.

More savers appear willing to accept lower rates of interest on savings products as the UK's base rate remains at its historic low of 0.5%, research suggests.

Sir Mervyn King, the outgoing governor of the Bank of England, has written to a small business owner to offer his sympathies after the man's own bank refused him a loan.

The Bank of England's deputy governor, Paul Tucker, has raised the prospect of introducing negative interest rates to boost lending and support the UK economy.

The Bank of England has revealed it is in talks with the People's Bank of China about agreeing a currency swap deal to help ensure greater financial stability.

The pound has moved towards a year low yesterday against the dollar, its recent weakness having been exacerbated by the revelation Bank of England (BoE) governor Sir Mervyn King voted for further stimulus this month.

Sir Mervyn King voted to increase quantitative easing (QE) by a further £25bn at February's Monetary Policy Committee (MPC) meeting, latest minutes reveal.

The Bank of England's Monetary Policy Committee will tolerate missing the inflation target for the next two years in order to support the UK recovery, said Bank governor Mervyn King.

The Bank of England may need to carry out more money-printing to stimulate the economy despite rising opposition, according to the Organisation for Economic Co-operation and Development.

Incoming Bank of England (BoE) governor Mark Carney intends to place economic growth at the top of his priority list when he takes on his new role.