Bank of England

The Bank of England is likely to cut the UK's economic growth forecast by 1% for both and this year and 2011.

Bank of England's Monetary Policy Committee (MPC) today held interest rates at 0.5% - marking the 17th consecutive month they have been held at the historical low.

Interest rates will have to rise earlier and more sharply than expected to keep inflation under control, warn two former Bank of England policymakers.

Mervyn King wants a new breed of regulators focused on public service and not huge banking-style pay packages when responsibility for financial regulation transfers from the FSA to the Bank of England in 2012.

Bank of England (BoE) Governor Mervyn King has issued a stark warning to MPs "not to read too much" into recent strong GDP figures.

The Bank of England has made a £5.5bn full-year loss on the assets bought under its quantitative easing (QE) programme to prop up the battered UK economy.

Ignis' chief economist Stuart Thomson believes another round of quantitative easing "on a larger scale and over a longer period" is needed on both sides of the Atlantic to avoid a double-dip recession.

The UK economy faces a "triple whammy" of higher inflation, lower growth, and rising unemployment, the Bank of England's chief economist has warned.

Monetary Policy Committee inflation hawk Andrew Sentance has once again voted for a rise in UK interest rates.

Henderson chief economist Simon Ward believes there is more than a 50% chance of a hike in interest rates by the end of the year, as the MPC looks to curb rising inflationary pressures.