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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Quotes
The Governor of the Bank of England is, by virtue of his responsibilities and independence, uniquely well placed to sound the alarm if bank lobbying of government is becoming a concern
At the same time, German Federal elections and a new Governor at the Bank of England may rock markets further. The easy gains in stock markets of recent times could be over
It would also mean there’s not much scope for the Bank of England or the Chancellor [the top treasury official] to try to speed up the recovery to get back the output we’ve lost — any efforts to do that would just generate higher inflation.More 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 »
Around the web
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Mervyn King Made 'Series of Misjudgements': Posen
I don't think they were criminal by any means, but be it Northern Rock or the decision to kick supervision out of the bank of England and now start to take it back in – it's not a great record," he told CNBC. Posen stepped down as an external member of the 34 m ago from CNBC Read more »
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QE hopes raised for Carney despite final defeat for Sir Mervyn
Bank of England Governor Sir Mervyn King tasted defeat in his last bid to spur on the UK economy but successor Mark Carney may yet win support for a return to the printing presses, it emerged today. Sir Mervyn, who delivers his final Mansion House speech this 6/18/13 from The Independent Read more »
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Charlotte Hogg in the limelight: daughter of Tory dynasty is new number two at Bank of England
Street who has smashed one of the most durable glass ceilings in the City. The appointment of Charlotte Hogg as the Bank of England’s chief operating officer — effectively No 2 to new Governor Mark Carney — has been hailed as a massive breakthrough for women 7:57 AM from This Is London Read more »
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Sir Mervyn King outvoted in his final call for more quantitative easing as he exits Bank of England
at the forex specialists Moneycorp, said investors were currently more concerned with US economic policy that what the Bank of England was likely to do. ‘The markets took this morning's announcement largely in their stride, all eyes are on the bigger question 7:40 AM from Daily Mail - UK Read more »
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Fed Fear
four months. Fall in this number would be marginally sterling positive. Key speeches by both Chancellor and out-going Bank of England governor this evening. Small risk event for sterling, but worth watching nonetheless. The day of reckoning has arrived. For 6:35 AM from Forex Crunch Read more »
