MPC

A former member of the Monetary Policy Committee has claimed Bank of England governor Mervyn King was "unprepared for the crisis" that wrecked the world economy and "controlled the bank with an iron fist."

The Bank of England has held interest rates at 0.5% and resisted another round of quantitative easing amid tentative signs of an improvement in the economic outlook.

The Bank of England is expected to resist unleashing extra emergency support for the economy today amid mixed signals over the fate of the recovery.

The UK economy is perpetually subjected to shocks and pressures, rendering hopes of maintaining financial stability indefinitely "over-optimistic", Monetary Policy Committee (MPC) member Paul Fisher said last night.

The Bank of England will keep interest rates at record lows for another three years, according to Capital Economics.

The Bank of England's Monetary Policy Committee (MPC) has voted to keep the interest rate at 0.5%, marking three years of the record low figure.

Market participants are expecting interest rates in the UK to remain on hold until late 2014, according to Bank of England policymakers.

The Bank of England's Monetary Policy Committee (MPC) has increased its quantitative easing programme by £50bn as it looks to shore up the UK's ailing economy.

The Bank of England's Monetary Policy Committee (MPC) once again voted unanimously to maintain interest rates at 0.5% and keep the quantitative easing (QE) programme at £275bn in January, despite fears inflation may fall below target levels.

Fears we are facing a period of prolonged inflation are "unfounded", said Monetary Policy Committee (MPC) member Adam Posen, speaking on a day when UK inflation dropped sharply.