monetary policy committee

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King appointed for second term as BoE governor
King to stay at Bank of England

Mervyn King will continue to serve as governor of the Bank of England, it was confirmed this morning. The 59-year-old was reappointed by the Queen after Gordon Brown finally affirmed his confidence in the governor. There had been widespread speculation Mr King’s re-appointment hung in the balance as a result of his initial response to… Read more »

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Interest rates held at 5.5 per cent
Bank ‘hamstrung into interest rate hold’

The Bank of England would have cut interest rates today if it had a sufficiently broad remit, the Liberal Democrats economic spokesman has claimed. Instead the Bank’s monetary policy committee (MPC) voted to hold interest rates at 5.5 per cent, despite many pundits predicting a fall. After increasing the underlying cost of borrowing three times… Read more »