MPC

The governor of the Bank of England, Mark Carney, has warned the 2% target for inflation became a "dangerous distraction" for the UK's policymakers.

SENATE CONFERENCE

A leading Bank of England policymaker has said the base rate is likely to rise in "spring 2015" in unusually revealing comments made this afternoon.

The Bank of England has today said it will not hike rates "for some time to come" - with the base rate potentially at 2% by 2017 - as governor Mark Carney begins to alter his forward guidance policy.

Three former members of the Bank of England's rate-setting Monetary Policy Committee (MPC) have suggested interest rates could rise sooner than expected.

Kevin Doran, manager of the Brown Shipley Sterling Bond fund, identifies three issues facing the sterling corporate bond market this year

The Governor of the Bank of England has indicated his policy of linking interest rates to unemployment could be scrapped less than six months after its creation.

The Bank of England has again moved to temper expectations of an early rate rise, despite the UK unemployment rate dropping to close to the crucial 7% mark this morning.

The Bank of England's (BoE) Monetary Policy Committee (MPC) has voted to maintain UK interest rates at their historic low of 0.5%.

ECONOMIC OUTLOOK