Lord Norman Lamont, former Chancellor of the Exchequer, has blamed the Bank of England's low interest rate policy in the mid-2000s as the "biggest single contributory factor" of the 2008 crisis.
Bank of England governor Mervyn King has admitted the central bank failed to warn of the risks banks were taking ahead of the crisis in 2008.
Monetary Policy Committee(MPC) member Adam Posen has revealed his reasons for abandoning his call for further stimulus to boost the UK economy, following the publication of this month's minutes.
A former member of the Monetary Policy Committee has claimed Bank of England governor Mervyn King was "unprepared for the crisis" that wrecked the world economy and "controlled the bank with an iron fist."
Paul Tucker,deputy governor of the Bank of England, has warned inflation will be higher than expected this year, following yesterday's unexpected rise in CPI.
Each of the nine members of the Bank of England's Monetary Policy Committee (MPC) voted to hold interest rates at the historic low of 0.5% this month, minutes from their latest meeting show.
Reports suggesting Bank of Canada governor Mark Carney is being lined up to replace his Bank of England (BoE) counterpart Sir Mervyn King have been denied.