Bank of England Governor Mervyn King will tomorrow try to justify why officials stopped expanding stimulus even as the outlook for Europe’s economy darkens.
Bank of England Governor Mervyn King may have to embark on a new round of bond purchases as Britain’s rebound from the worst recession since World War II fades.
Britain’s unemployment rate fell to a five-year low in the first quarter as the economy created work at a record pace, evidence the recovery is sustaining momentum.
Bank of England Governor Mark Carney will escape one of the more embarrassing chores of his job this month as inflation skirts the government’s limit by just enough to avoid him writing a public letter, economists said.
U.K. services grew at the slowest pace in seven months in January as new business cooled and wet weather soaked the country.
Bank of England policy makers may this week signal how quickly the momentum toward higher interest rates is building as inflation accelerates to more than twice the central bank’s target.
BNP’s Clarke Says BOE May Act This Week: Audio