Mervyn King

Former deputy governor of the Bank of England Rachel Lomax has ruled herself out of replacing Mervyn King next year, saying she has "moved on" from the central bank.

The UK's main inflation rate fell back towards the 2% target in August, reversing a surprise jump the previous month.

The salary and pension deal for the next governor of the Bank of England is still 'undecided', the BBC has claimed.

The salary and pension deal for the next governor of the Bank of England is still 'undecided', the BBC reports.

Jim O'Neill has publicly ruled out following in the footsteps of Mervyn King and taking on the role of governor of the Bank of England.

The successor to Mervyn King will have an "unduly powerful role" thanks to Treasury plans to extend the powers available to the Bank of England (BoE), one of the bank's advisers has warned.

STRATEGY

In its latest quarterly inflation report, released today, the Bank of England has muddied the waters somewhat on its plans for further stimulus, leaving pundits wondering if a rate cut is on the cards.

The governor of the Bank of England, Sir Mervyn King, has insisted he did not call for Bob Diamond's scalp before Barclays' former chief executive stepped down.

Mervyn King, the governor of the Bank of England, told Barclays' Marcus Agius on 2 July that Bob Diamond had lost the support of the regulator.