Bank of England

INTEREST RATES

THE BIG QUESTION

Ignis' chief economist Stuart Thomson has hailed Mervyn King as the "central banker of the year" for supporting the UK economy and protecting its safe haven status over the past 12 months.

The Bank of England's Monetary Policy Committee (MPC) was divided over its quantitative easing programme earlier this month, with two members calling for the asset purchase programme to be increased by £75bn.

THE BIG QUESTION

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.

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