Bank of England governor Mervyn King has called the end of the recession in the UK and pointed to signs of growth returning to the economy.
The salary and pension deal for the next governor of the Bank of England is still 'undecided'. the BBC reports.
The successor to Mervyn King will have an "unduly powerful role" thanks to Treasury plans to extend the powers available to the Bank of England (BoE), one of the bank's advisers has warned.
Banks "could learn a thing or two about fair play" from the Olympic movement, according to Bank of England governor Mervyn King.
Governor of the Bank of England, Sir Mervyn King, has admitted major mistakes were made by economic policymakers during the financial crisis.
The Bank of England said it may reconsider the case for cutting interest rates once the impact of the new funding for lending scheme becomes clear.
The governor of the Bank of England, Sir Mervyn King, has insisted he did not call for Bob Diamond's scalp before Barclays' former chief executive stepped down.
The Bank of England's Monetary Policy Committee (MPC) voted five to four to maintain quantitative easing (QE) at £325bn this month, overruling the governor and three colleagues who called for further expansion.
The Bank of England (BoE) is to launch new stimulus packages in a bid to get the economy moving again.