People are silhouetted on a sunny morning as they walk past the columns of the Bank of England in the City of London. Sterling eased on Monday, on growing talk the BoE will step in to cool the UK housing market, which would allow the central bank to keep interest rates lower for longer to sustain recovery elsewhere in the economy
Bank of England governor, Mark Carney, conducts the quarterly inflation report press conference in the Bank of England on Wednesday.
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Mark Carney, governor of the Bank of England, delivers his address to business leaders on Wednesday in Nottingham, England. Mr Carney’s first policy speech as Bank of England governor is his chance to address investor doubts that he can keep interest rates on hold at a record low until at least late 2016. During his speech, Mr Carney said officials were ready to add stimulus if investor expectations for higher interest rates rose too far and undermined the recovery.
Diana Blakeney/PA/Bank of England
On stepping down as governor of the Bank of England, Mervyn King was presented with this portrait of himself by artist Diana Blakeney. In addition to the £10,000 painting Sir Mervyn, now Lord King, received a £597 silver napkin ring and a £2,505 sculpture of German playwright and scientist Johann von Goethe when he retired on July 1. The £13,000-worth of gifts were all paid for by the Bank of England, which is owned by the country. Three events were also held to mark his departure, which came to more than £10,000. The information emerged following a freedom of information request from msn.com, with the Bank of England insisting the gift of the silver napkin ring is normal for all departing senior directors