Bank of England

The Bank of England has raised its inflation forecast for two years' time to around 1.8%, more than some economists had predicted.

The Bank of England's Monetary Policy Committee (MPC) has increased its quantitative easing programme by £50bn as it looks to shore up the UK's ailing economy.

Société Générale global strategist Albert Edwards has said Bank of England governor Mervyn King and former Federal Reserve chairman Alan Greenspan should be stripped of their knighthoods in light of the same fate befalling Fred Goodwin.

The Bank of England is expected to pump another £50bn of quantitative easing into the UK economy today, in a bid to tackle the latest downturn.

BONDS

The Bank of England will this week pump at least another £50bn into the economy, according to a report in the Independent.

Bond heavyweights have begun shorting UK gilts ahead of an expected correction, warning yields have reached ‘extreme' lows.

The Treasury today published the Financial Services Bill, which when passed will enshrine the new regulatory structure in law.

The Bank of England's Monetary Policy Committee (MPC) once again voted unanimously to maintain interest rates at 0.5% and keep the quantitative easing (QE) programme at £275bn in January, despite fears inflation may fall below target levels.

Bank of England governor Mervyn King last night backed calls for limits on boardroom pay, in a speech in which he also said the UK's economic recovery would be "arduous" and hinted at a further round of quantitative easing.