BOE

People are silhouetted as they walk past the columns of the Bank of England in the City of London...People are silhouetted on a sunny morning as they walk past the columns of the Bank of England in the City of London, May 19, 2014. Sterling eased on Monday, on growing talk the Bank of England 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.

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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 this morning.

Charlie Bibby/FT

Bank of England governor, Mark Carney, conducts the quarterly inflation report press conference in the Bank of England on Wednesday.

Mark Carney, governor of the Bank of England, delivers his address to business leaders on August 28, 2013 in Nottingham, England. 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, Carney said officials are ready to add stimulus if investor expectations for higher interest rates rise too far and undermine the recovery.

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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.

Mervyn, now Lord King, also 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. An evening reception on June 26 cost £4,672, while a £3,450 dinner was held the following day. Another dinner was held on June 28 at a cost of £3,800, with the flowers and invitations for the three events coming to £1,501. 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. See PA story ECONOMY King. Photo credit should read: Diana Blakeney/Bank of England/PA Wire NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.

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 Read more