Bank of England

Mervyn King, Governor of the Bank of EnglandIn the past two months, a remarkable set of events has transformed the outlook for the UK and global economies. As a result, inflation is now falling...

1 Before turning to its immediate policy decision, and against the background of its latest projections for output and inflation, the Committee discussed financial market developments; the...

There has been a marked deterioration in the outlook for domestic and global economic activity. Instability in banking and financial markets intensified to levels not seen for almost a century. And,...

The Bank of England's Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 1.5 percentage points to 3%.The past two months have seen a substantial...

The Bank of England's Monetary Policy Committee today voted at a special meeting to reduce the official Bank Rate paid on commercial bank reserves to 4.5%.The Monetary Policy Committee held a special...

1 Before turning to its immediate policy decision, the Committee discussed developments in financial markets; the international economy; money, credit, demand and output; and costs and...

MERVYN KING, GOVERNOR OF THE BANK OF ENGLANDSince we last appeared before the Committee, the prospects for growth in the short run have deteriorated, and inflation has risen. Financial market...

1 Before turning to its immediate policy decision, and against the background of its latest projections for output and inflation, the Committee discussed developments in financial markets; the...

OverviewIn the United Kingdom, output growth eased in the second quarter and surveys pointed to further slowing in the third. Consumer spending appeared to decelerate as households' real incomes were...

1 Before turning to its immediate policy decision, the Committee discussed developments in financial markets; the international economy; money, credit, demand and output; and supply, costs and...