Bank of England

The Bank of England has kept interest rates on hold for the 44th consecutive month and refrained from launching a fresh round of quantitative easing after recent data showed the UK exited recession in the third quarter.

The man in charge of ensuring Britain's financial stability has warned MPs current plans to make banks safer do not go far enough, the Independent reports.

The Bank of England's Monetary Policy Committee is expected to vote against pumping more money into the economy when it meets this week, despite previous forecasts of a further £50bn injection.

Weaknesses in the Bank of England's forecasting process have been highlighted in a review by an ex-Federal Reserve official.

Bond markets are set to stay correlated to equity markets, according to Mark Holman at TwentyFour Asset Management.

Bank of England policymaker Andy Haldane, has slated ring-fencing proposals for being too weak and said "King Kong" banks should be no larger than $100bn.

The Bank of England's Monetary Policy Committee is split over whether to commit to further quantitative easing, according to minutes from this month's meeting.

Over the last three months, UK bank shares have enjoyed a strong rally, helped by the ECB's and US Federal Reserve's liquidity moves.

Richard Colwell, manager of the Threadneedle UK Equity Income fund, discusses the current state of the UK market and the outlook for the next 12 months.

The Bank of England has held interest rates at 0.5% for the 43rd consecutive month and kept its bond purchase target at £375bn.