A dramatic shift in the outlook for interest rates has been seen with money market indicators now pricing in a base rate rise to 0.75% in two years' time rather than three.
Sir Mervyn King, the outgoing governor of the Bank of England who has spent more than two decades at Threadneedle Street, is to be made a life peer.
Bank of England (BoE) governor Mervyn King was defeated in his final bid to inject more stimulus into the UK economy, minutes from last month's minutes show.
Sir Mervyn King chairs his last ever Monetary Policy Committee (MPC) meeting today, but will his parting gift be one last blast of the QE tap?
Outgoing Bank of England governor Sir Mervyn King has said people have "every right to be angry" with banks over the financial crisis.
Outgoing Bank of England governor Sir Mervyn King is to appear on BBC Radio 4's Desert Island Discs on Sunday.
Outgoing Bank of England Governor Sir Mervyn King has urged successor Mark Carney not to spell out how long interest rates will remain low when he takes charge.
Sir Mervyn King, the outgoing head of the Bank of England, has called for an end of banker bashing saying it's wrong to "demonise individuals" for the failure of the financial system.
The final Inflation Report of governor Mervyn King's term has seen the Bank of England revise up growth forecasts but caution inflation will still likely peak above 3% this year.
George Osborne has told the Financial Policy Committee (FPC) to prioritise short-term economic growth while acknowledging the difficulty in managing its dual objectives.