Bank of England

Bank of England Governor Mark Carney has promised to keep interest rates lower for longer, ahead of the release of UK GDP growth data for the third quarter.

Mark Carney, the new Governor of the Bank of England, is pushing ahead with a strategic review of the institution's resources and priorities, just three months in to the job.

The Bank of England (BoE) could increase interest rates a "fair amount" without hurting homeowners taking advantage of the government's Help to Buy scheme, according to one of its policymakers.

Over the past few weeks, you may have noticed excited talk of a UK housing bubble.

In his final speech as deputy governor of the Bank of England Paul Tucker revealed that the resolution regime, which will allow one of the world's largest banks to collapse without being rescued, is now in place.

The FTSE 100 index was in the red just after midday, dragged down by mining stocks which sold-off as oil and metals prices weakened.

Bank of England Governor Mark Carney has said the UK economy is recovering and does not need a further expansion of the quantitative easing programme.

Fund buyers have cautioned on investing in the UK's buoyant property market, amid fears the sector may be overheating.

The prospect of today's tapering announcement from the US Federal Reserve kept action in the FTSE 100 to a minimum in morning trading.

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