Forecasts used by the Bank of England to set interest rates are biased and contain little useful information, according to a Financial Times audit.
David Worsfold says the Business Secretary's Guardian interview hints at dissent in the coalition
The Bank of England is likely to cut the UK's economic growth forecast by 1% for both this year and 2011.
Bank of England's Monetary Policy Committee (MPC) today held interest rates at 0.5% - marking the 17th consecutive month they have been held at the historical low.
Interest rates will have to rise earlier and more sharply than expected to keep inflation under control, warn two former Bank of England policymakers.
The prospect of a double-dip recession in Britain is increasing with every month as consumer confidence dwindles to recession levels, a long-running study shows.
With choppy waters forecast, is it time to increase your cash weighting?
Mervyn King wants a new breed of regulators focused on public service and not huge banking-style pay packages when responsibility for financial regulation transfers from the FSA to the Bank of England in 2012.
Bank of England (BoE) Governor Mervyn King has issued a stark warning to MPs "not to read too much" into recent strong GDP figures.
The Bank of England has made a £5.5bn full-year loss on the assets bought under its quantitative easing (QE) programme to prop up the battered UK economy.