Mervyn King
UK inflation falls as King writes letter
British inflation fell in November but remains far above the Bank of England's target, obliging Mervyn King, the governor of the central bank, to write another letter explaining why inflation remains so high and what the Bank is doing to bring it down.
BoE's Gieve states case for global action
Ever-more frequent global policy co-ordination will be essential in avoiding future financial crises, Sir John Gieve, the deputy governor responsible for financial stability at the Bank of England, has said.
Bank cuts to historic low
The Bank of England cut interest rates to their lowest level since 1951 on Thursday and stressed that further steps would be needed to prevent a deep recession.
Bank of England sees deep recession
The Bank of England sharply adjusted its outlook for growth and inflation in the British economy, saying it was "very likely" that the UK was already in a recession that could last until 2010.
We were powerless to save Lehman, says Paulson
The US Treasury and the Federal Reserve had to let Lehman Brothers fail because the now-defunct investment bank did not have enough good collateral on its books to guarantee a Fed loan, Hank Paulson, the US treasury secretary, has said.
King justifies re-capitalisation
With banking conditions at their direst since the beginning of First World War, the British Treasury had to re-capitalise the country's ailing banking sector, said Mervyn King, the governor of the Bank of England.
Bank appoints new financial stability director
The Bank of England has promoted Andrew Haldane, the head of its systemic risk assessment division, to executive director for financial stability.
King sees high inflation remaining
Mervyn King, the governor of the Bank of England, expects inflation in the United Kingdom to remain "markedly" above the central bank's target well into next year.
King confirms continued support for banks
Mervyn King, the governor of the Bank of England, assured the City of London's beleaguered banks that he would continue to allow them access to funds after the Special Liquidity Scheme closes next month.
Thai king lavishes praise on Watanagase
Bhumibol Adulyadej, the king of Thailand, has thanked Tarisa Watanagase, the governor of the country's central bank, for her work in stabilising the economy.
Bank split three ways for second straight month
The Bank of England's monetary-policy dilemma was further underscored on Wednesday when the minutes of the August rate-setting meeting revealed a three-way split.
British business calls on Bank to cut rates
One of the most influential lobbying groups for British businesses has urged the Bank of England to cut rates soon.
Dollar pegs should be reconsidered: King
Mervyn King, the governor of the Bank of England, warned on Wednesday that it would become "increasingly important" for countries to discuss abandoning their dollar pegs in the coming years.
Bank's outlook wintry for UK economy
The Bank of England gave a dismal forecast for the British economy on Wednesday, predicting inflation to rise to about three percentage points above its target and growth to fall sharply.
Central bank action removed liquidity threat: BoE
Senior Bank of England officials on Wednesday said liquidity tensions in global credit markets had diminished on the back of central banks' efforts.
UK inflation surges to 16-year high
British headline inflation rose to 3.8% in the year to June, its highest level since 1992.
King declines bumper pay hike
Mervyn King, the governor of the Bank of England who has repeatedly called on UK employers to avoid hiking wages in line with rising inflation, has refused a salary increase that would have seen his pay soar by more than a third.
UK inflation to top 4%: BoE's King
Mervyn King, the governor of the Bank of England, has warned that UK annual inflation will rocket to more than 4% in the coming months.
Inflation of paramount importance: BoE's Tucker
A senior Bank of England official has underlined the institution's "overriding" commitment to its 2% inflation target.
Stronger stability framework a priority: King
Mervyn King, the governor of the Bank of England, has said that he wants to establish a sturdier financial stability framework during his second term.
King readies pen as BoE predicts prices to soar
Mervyn King acknowledged on Wednesday that he would almost certainly need to write at least one letter to the British chancellor in the coming months explaining why inflation is more than a percentage point above the Bank of England's target.
Liquidity scheme stabilising markets: BoE staff
The Bank of England's governor and head of markets said on Wednesday that its Special Liquidity Scheme, introduced in late April, had begun to temper money-market tensions.
Inflation surge surprises UK economists
Consumer price inflation in the UK soared to 3% in April, reducing the already-slim chances of a June rate cut to practically nil.