Bank of England

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.

The Monetary Policy Committee (MPC) voted unanimously to hold the bank rate at 0.5% at the last meeting, while all but one member voted to maintain the QE programme at £375bn.

The outgoing governor of the Bank of England (BoE), Mervyn King, has said it may be time to review the UK's inflation target, but rejected a suggestion by his successor that central bankers should abandon inflation targeting altogether in times of economic...

Bankers' bonuses should be delayed for up to ten years to kill off a culture of short-termism at large institutions, a senior official has suggested.

The final cost to the country's banks for payment protection insurance (PPI) mis-selling is likely to be about £25bn, according to The Times.

Incoming Bank of England governor Mark Carney has suggested struggling economies dump inflation-targeting in order to kick-start growth.

A transatlantic banking watchdog would protect American and British taxpayers from bailing out banks which are too big to fail, under new plans.