Bank of England

The FTSE 100 opened positively in a week set to be dominated by a slew of US economic and political news.

The deputy governor of the Bank of England, Charles Bean, has admitted that the recession "highlighted shortcomings" in the Bank's economic forecasting models.

Bank of England Governor Mervyn King has thrown his weight behind breaking up the banks as part of reforms to protect the taxpayer from another financial meltdown.

The Bank of England was split three ways in its last meeting on interest rates and QE, with two rogue members voting to change the path of monetary policy.

Bank of England governor Mervyn King last night warned of an unpleasant, "sober" decade ahead and hinted at further QE ahead of today's government Spending Review.

CPI inflation remained at 3.1% in September but the figure is still well above government targets.

The Bank of England has resisted growing calls to deliver more stimulus to the economy while maintaining interest rates at the historic low of 0.5%.

The BoE's Monetary Policy Committee is likely to be split three ways in today's interest rate and QE decisions, but which is the best path to tread?

Government bonds jumped on Wednesday on rumours the Bank of England could be moving closer to increasing its £200bn "money-printing" programme to buoy the recovery.

Dr Andrew Sentance remains the lone member of the Bank of England Monetary Policy Committee to argue for an increase in interest rates.