Norwegian central bank policy makers took a very simple step when the surging krone risked derailing their inflation-targeting regime. They moved their economists in with the currency traders.
Former Bank of England Governor Mervyn King denied saying Lloyds Banking Group Plc’s plan to sell branches to Co-Operative Bank Plc was “political,” contradicting Peter Levene, whose NBNK Investments Plc lost out in the bidding.
Bank of England spending on wine and champagne almost doubled in 2013, a year when officials held events and dinners to mark the departure of Governor Mervyn King and Deputy Governor Paul Tucker.
Mark Carney will unveil the results of his McKinsey & Co. review of the Bank of England tomorrow, using a platform that’s previously seen his predecessors and U.K. chancellors set out their visions.
Bob Crow, whose willingness to call strikes as leader of the U.K.’s Rail, Maritime and Transport Union made him a hated figure for commuters and a hero for its members, has died. He was 52.
Bank of England policy makers extended unprecedented stimulus into a sixth year today as they seek to ensure the economy fully recovers from the damage wrought by the financial crisis.
Former Bank of England Governor Mervyn King has returned to his academic roots with a study that aims to estimate what the world’s interest rate is.
Investors are making it easier for Bank of England Governor Mark Carney to keep interest rates at a record low.
Bank of England Governor Mervyn King said an economic recovery in the U.K. appears to be under way and advised his successor, Mark Carney, to “be himself.”
Bank of England Governor Mervyn King retires in two days after a career that saw a decade of economic calm before a struggle with a financial crisis that initially threatened to end his leadership.
"Although it seemed to me that the government wished to ensure that, if it were possible, a plausible bid from the Co-operative Bank was able to be considered alongside other bids, that was a far cry from any improper conduct in the bidding process."
- Mervyn King on Mar 24, 2014
Credit Suisse’s Soss Says BOE Action May Sway Fed