Mark Carney

Natasha Browne asks what the latest inflation report means for pension schemes

There will be no changes to the current bank rate of 0.5% or to the asset purchasing programme of £375bn until spare capacity in the economy reduces, the governor of the Bank of England (BoE) said today.

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.

US employment figures for September have missed expectations which could all but rules out the prospect of a slowdown in US quantiative easing (QE) before 2014.

Bank of England governor Mark Carney has said the UK economy is recovering and does not need a further expansion of the quantitative easing (QE) programme.

A former member of the Bank of England's (BoE) Financial Policy Committee (FPC) has dismissed the current strategy of forward guidance, saying it is not what the market wants.

Benchmark ten-year gilt yields hit a fresh two-year high of over 3% after the Bank of England (BoE) opted not to release further ‘forward guidance'.

Natasha Browne asks if the Bank of England's forward guidance can really help the economy

Yields on ten-year gilts rose this morning after the minutes from the last meeting of the Bank of England's Monetary Policy Committee (MPC) showed the majority of members backed new governor Mark Carney's move to provide forward guidance on interest rates....