Bank of England

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.

The UK Consumer Prices Index (CPI) climbed in March as higher food and clothing prices pushed inflation up to 3.5%.

As governor Mervyn King approaches the end of his tenure, speculation is mounting over who will take the hot seat at the Bank of England when he steps down.

Former Bank of England committee member Andrew Sentance said today's decision by the MPC to keep its £325bn quantitative easing programme on hold is no surprise.

The Bank of England has held interest rates at 0.5% and resisted another round of quantitative easing amid tentative signs of an improvement in the economic outlook.

The Bank of England is expected to resist unleashing extra emergency support for the economy today amid mixed signals over the fate of the recovery.

The Queen's Diamond Jubilee celebrations will cause the economy to contract between April and June, the Bank of England's Mervyn King has warned.

Two members of the Bank of England's Monetary Policy Committee called for further stimulus to offset the UK's lacklustre growth, the minutes of the latest meeting have revealed.

Bank of England governor Mervyn King has launched a stinging attack on British banks, stating the industry has failed to heed "very real and wholly understandable" public animosity towards them.

The Bank of England's Monetary Policy Committee (MPC) has voted to keep the interest rate at 0.5%, marking three years of the record low figure.