King receives 2.5% pay rise
Mervyn King, the governor of the Bank of England, and his deputies received a 2.5% pay rise in 2010, the Bank's Annual Report, published on Monday, shows.
The report said that under the new remuneration package agreed by the Bank's Remuneration Committee, King received a starting salary of between £375,000 ($593,459) to £400,000 in 2010, with automatic increases of 2.5% per annum, and a pension contribution of 30% of salary.
The Remuneration Committee said that while the salary of external MPC
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Governance
IMF holds Georgia deal over central bank and sanctions unease
Three vice-governors quit after central bank refuses to implement US sanctions against businessman
Thai PM meets governor after unexpected rate rise
BoT said new government’s spending package is an inflation risk, as currency falls
National Bank of Georgia plunged into turmoil over US sanctions
Central bank says enforcing sanctions on a Georgian citizen would violate constitution
Turkey raises policy rates for fourth consecutive time
Foreign exchange rates little changed, despite president’s commitment to tight monetary policy
Second Ecuador candidate promises to spend reserves
Both candidates now plan to raid central bank funds, despite 2021 law
New Zealand finance minister defends dual mandate
Robertson rejects calls for changed mandate and new regulator ahead of general election
Momentum builds to end RBNZ dual mandate
Think-tank calls for abolishing deposit insurance and creating new prudential regulator
Tunisian president wants central bank to directly finance budget
Central bank governor has rejected calls for monetary financing as observers warn of growing crisis