Bank of England

May's UK inflation reading remained unchanged from April, official figures have shown, giving Bank of England governor Sir Mervyn King some respite.

You may not agree with all his policies but Bank of England governor Mervyn King has been knighted for his role in steering the UK through the financial crisis.

The Bank of England (BoE) today held interest rates at a record low as concerns about sluggish growth outweigh worries over high inflation.

The Treasury Select Committee (TSC) has voiced fears over appointing former Bank of England (BoE) adviser Alastair Clark to the Financial Policy Committee (FPC).

A group of 55 economists believes the Monetary Policy Committee will maintain interest rates at 0.5% this week, as manufacturing and services surveys show the UK economy is slowing.

The Bank of England's Paul Fisher said he would consider making emergency bond purchases if the UK's economy suddenly slumped.

Andrew Sentance, who yesterday stepped down as a member of the Bank of England (BoE) monetary policy committee (MPC), has condemned the Bank's refusal to raise interest rates.

Bank of England governor Mervyn King claimed a £26 senior railcard on expenses last year as part of a total bill of over £130,000.

The Bank of England will raise rates for the first time in four years in August in a bid to dampen inflation, according to the British Chambers of Commerce.

The Bank of England is "failing its remit" to control rising inflation which could undermine demand for bonds, according to Artemis manager James Foster.