Mervyn King

Bank of England governor Sir Mervyn King has called for the current LIBOR system to be overhauled following the Barclays debacle.

Bank of England governor Mervyn King said he voted for more QE at the last meeting of the MPC because he is fearful over the outlook for Asia, emerging markets, and the US, as well as the ongoing eurozone crisis.

The Bank of England should pump £50bn more into the "stalled" UK economy to kick start the recovery, according to MPC member David Miles.

BlackRock's head of UK fixed income, Ian Winship, is shorting gilts as yields have hit lower levels than those seen during the Great Depression of the 1930s.

Jim O'Neill, the chairman of Goldman Sachs Asset Management (GSAM), would ditch inflation targeting if he replaced Mervyn King as the Bank of England governor as the measure has been "insufficient" over the past decade.

UK inflation will not be allowed to fall back to its 2% target because Mervyn King and his colleagues are keen to prevent a disinflationary spiral, according to leading fund managers.

Europe's major markets are climbing today ahead of the Greek elections, and following the Bank of England's unveiling of a £100bn stimulus package for the UK economy.

UK bank shares have jumped following last night's announcement of a £100bn stimulus package for the UK economy.

The UK Chancellor George Osborne and the Bank of England's governor Mervyn King have unveiled a £100bn package to prop up the UK's flagging economy and protect it from the encroaching eurozone crisis.

The Bank of England is to provide short-term sterling liquidity to the banking sector in anticipation of "market-wide stress of an exceptional nature" over the coming weeks.