Mark Carney

Staff blog addresses growing concerns

BoE governor has spoken to fund groups about risks

BoE chief asks 135 groups for liquidity information

In its latest quarterly Inflation Report, the Bank of England has forecast inflation will remain low for longer than previously expected, as a result of weak energy prices and continuing currency strength.

Sterling fell 1% against the dollar and euro this lunchtime, as rate rise expectations were pushed back, with just one MPC member voting for an increase this month.

Chancellor George Osborne has announced a bill to overhaul the Bank of England, including a reduction in the number of Monetary Policy Committee meetings.

Sterling has hit a fresh seven and a half year high against the euro after Bank of England governor Mark Carney suggested the UK base rate could rise at the turn of the year.

Housebuilders' shares have taken a dive in early afternoon trading after Bank of England governor Mark Carney said a hike in interest rates is "moving closer".

The Bank of England's Financial Policy Committee (FPC) has asked for more detail on how fund groups are guarding against liquidity risks, as policymakers step up their scrutiny of asset managers.

Bank of England governor Mark Carney has used the annual Mansion House speech to warn that asset managers must prepare for the consequences of normalising monetary conditions.