Bank of England

MPC member Paul Fisher has warned the UK is at risk of another recession, less than two years since the last downturn.

Bank of England governor Mervyn King appeared before the Treasury Select Committee this morning to answer questions on his inflation forecasts and quantitative easing programme.

Investors have come under increased pressure to inflation-proof their portfolios as a fresh spike in CPI and RPI raised doubts levels will drop back to the Bank of England's 2% target in 2012.

Bank of England governor Mervyn King has been asked by the Treasury Select Committee to explain his decision to inject a further £75m into the UK economy through quantitative easing (QE).

The governor of the Bank of England has said inflation is now at, or close to, its peak rate and will fall back "sharply" early next year.

The Bank of England's surprise decision last week to increase its quantitative easing programme by £75bn will lead to further stimulus in February, according to economists.

One of the surest things in the markets at the moment is that the Bank of England will miss its inflation target of 2% and the governor, Mervyn King, will have to write a letter to the Chancellor.

Bank of England governor Mervyn King has described the current financial crisis as the "most serious" the UK has seen for at least 80 years.

Mervyn King has warned Chancellor George Osborne the UK recovery is facing a growing threat from the euro crisis and deteriorating conditions in financial markets.

Invesco's John Greenwood has warned further QE in the UK is unlikely to lead to a rebound in economic growth as he said there was "no quick fix" to the country's economic woes.