Bank of England

Bank of England forecasts lower growth and high inflation

In his opening remarks at the press conference to launch the report, Mervyn King, the Bank’s Governor, highlighted how these uncertainties mean that inflation could turn out higher than forecast (for example if commodity prices continue to increase at a rapid pace or if inflation expectations rise) or lower than forecast (if wage increases remain low and import price inflation fades).

Tony Dolphin ·

Bank of England Governor joins attack on bank lending

Following the embarrassingly empty green paper published this week, titled "Financing a private sector recovery" without offering any ideas on how to finance it, Bank of England Governor Mervyn King has launched a blistering attack on Britain's major banks.

Ben Fox ·
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