Bank of England
Governor of the Bank of England Mervyn King carries his bags as he arrives to attend the G7 finance ministers and central bank governors meeting in Aylesbury, southern England, on May 10, 2013. The Group of Seven top economies kick-started fresh talks on spurring growth amid US-Europe divisions over the scale of austerity and renewed market focus on 'currency wars' after the yen hit new dollar lows.
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Bank of England predicts a 'modest and sustained' recovery for UK economy - but inflation to remain 'stubbornly high
Recent signs of improvement in the U.K. economy and the modest upward revisions to the G.D.P. growth forecasts suggest that there is perhaps less need for further stimulus by the Bank of England
We regret the Bank of England has taken this position but we'll continue to engage with its management and staff to address their concernsMore quotes »
Newsday's coverage
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UK inflation steady at 2.8 percent
in car insurance premiums pressuring household budgets.Inflation remains at its highest rate since last May and above the Bank of England's 2 percent target.Analyst Chris Williamson of Markit says inflation will likely increase in coming months -- and that Read more »
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BoE governor backed more stimulus for UK economy
King , Paul Fisher and David Miles , were outvoted by the six others, who preferred to keep policy unchanged.Since 2009, the Bank of England has pumped 375 billion pounds ($579 billion) into the British economy. Under the program -- commonly called quantitative Read more »
Around the web
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Yes, Britain IS on the move again - all because we didn't take the coward's way out: GEORGE OSBORNE's bullish assessment of 'healing' economy
record lows, cutting mortgage payments for hard-working families. Recent economic news has been encouraging too. As the Bank of England governor said last week: ‘There is a welcome change in the economic outlook.’ That is quite a contrast to the situation 5/18/13 from Daily Mail - UK Read more »
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Roaring success of trust managers who shun market distractions
Julian Fosh uses three criteria when selecting shares for the fund portfolio The Bank of England last week upgraded its previous forecasts for the economy, pointing to better than expected growth in GDP and a faster fall in inflation. But Anthony Cross and 5/18/13 from This Is Money Read more »
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European stocks post fourth straight week gain
European stocks rose for a fourth straight week as earnings from Financiere Richemont to ICAP beat analyst estimates and the Bank of England lifted its growth forecast for Europe’s third-biggest economy. Richemont gained 13 per cent as it also proposed a dividend 5/18/13 from GulfToday.ae Read more »
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Governor warns over housing plans
In an interview with Sky News, Sir Mervyn - who has just over a month left of his decade-long tenure as governor of the Bank of England - publicly questioned the policy. "I'm sure that there is no place in the long run for a scheme of this kind," he said. 5/18/13 from BBC News Read more »
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The UK Has Just Had One Lost Decade, And It's About To Enter A Second
quarter of the year and signs of a manufacturing revival were something to cheer – and that includes the other King, Bank of England Governor Sir Mervyn – HSBC’s King puts them right. King is what his friends describe as a “happy pessimist”. It’s easy to see 5/18/13 from Clusterstock Read more »
