Mervyn King
Sir Mervyn Allister King, GBE, FBA (born 30 March 1948) is Governor of the Bank of England and Chairman of the Monetary Policy Committee. He was ... More »
Bank of England's King says time to review inflation targeting
BELFAST | Tue Jan 22, 2013 7:50pm GMT BELFAST (Reuters) - The Bank of England's inflation-targeting remit needs to be fine-tuned but should not undergo fundamental change, central bank governor Mervyn King said in a wide-ranging speech on Tuesday. King also said the central bank ... Read more »
King welcomes Carney’s BoE appointment
Sir Mervyn King welcomed the choice of Mark Carney as his successor as Bank of England governor on Tuesday, saying the central bank would be “in very good hands”. The management challenges facing the incoming governor were, however, laid bare in front of MPs when Sir Mervyn ... Read more »
Bank of England warns against risky bets on weak economy
LONDON | Wed Jan 16, 2013 2:01am GMT LONDON (Reuters) - Bank of England Governor Mervyn King warned on Tuesday that investors appeared to be making worryingly risky bets at a time when Britain's economy was weak and its banks had not yet recovered from the financial crisis. Speaking ... Read more »
Banks, Here’s your new liquidity regime. Now stop blaming us. Love, Basel
In a press Q&A following the announcement on Sunday, Mervyn King and Stefan Ingves, the Swedish central bank governor who chairs the Basel Committee, didn’t give exact numbers on how many banks would fail to meet the new, weaker requirements right now although King said the ‘vast ... Read more »
Banks win more flexible Basel rules
Sir Mervyn King, who heads the Basel committee’s oversight group, called the agreement “a very significant achievement [and] a clear commitment to insure that banks hold sufficient liquid assets to prevent central banks from becoming lenders of first resort.” When the Basel group, which ... Read more »
BoE's King says effect of asset purchases to be felt in 2013
NEW YORK | Mon Dec 10, 2012 6:11pm GMT NEW YORK (Reuters) - The effects of extraordinary asset purchases by the Bank of England should be felt later in 2013 as the British economy struggles to maintain steady growth, said BoE Governor Mervyn King during an appearance at the Economic Club ... Read more »
Bank of England names Bank of Canada chief to top job
He will succeed Mervyn King at the Bank of England on July 1, U.K. finance minister George Osborne announced Monday. Osborne said Carney was being appointed for eight years but planned to serve for a maximum of five, standing down in 2018 when his current term as chairman of the ... Read more »
Mervyn King Sends Sterling Lower; Inflation Risks Outweighed by Pro-Growth Policy
Mervyn King Sends Sterling Lower; Inflation Risks Outweighed by Pro-Growth Policy Outgoing Bank of England Governor Mervyn King sent the pound lower against major pairs Wednesday following the publication of the Bank of England's Quarterly Inflation Report. Bank of England ... Read more »
Missed inflation target chips away at Bank of England's credibility
That, though, was during what Sir Mervyn King dubs the Great Stability, the 15-year period between Britain's exit from the Exchange Rate Mechanism on Black Wednesday and the start of the financial crisis in 2007. The past five years have been the story of the Great Recession and its ... Read more »
Carney to face scrutiny on BoE plans
Canada's central bank governor was British Chancellor George Osborne's surprise choice in November to succeed Mervyn King, who retires at the end of June as governor of the 318-year-old bank nicknamed the Old Lady of Threadneedle Street. Carney, a 47-year-old former Goldman Sachs banker ... Read more »
Mervyn King: new Bank governor's strategy unrealistic and for dreamers
Sir Mervyn King warned that to drop the objective of low inflation would be to forget lessons from our post war history. Photograph Kathy Willens/AP Sir Mervyn King has launched a thinly disguised attack on his successor as Bank of England governor, deriding proposals to ditch the ... Read more »
British economy 'is springing back to life and there are good reasons to suppose a gentle recovery i...
Delivering his most upbeat speech since the financial crisis, Sir Mervyn King outlined a set of policies which he said could ‘roll back the dark cloud of uncertainty’ hanging over the British economy. Recovering: Sir Mervyn King, Governor of the Bank of England, said there are ... Read more »
BBC News Mervyn King to call for more action to boost economy
Bank of England Governor Sir Mervyn King is expected to call for further action to boost the UK's ailing economy in a speech in Belfast this evening. He will say much has been done by the government and the Bank, but more is needed, particularly to restore confidence in banks. Sir ... Read more »
BoE Governor Hints At Monetary Policy Review
Sir Mervyn King says it would be "sensible" to review the system, after previously denying change was needed. The Bank of England Governor has opened the door to the first major overhaul of Britain's interest rate policy since Gordon Brown granted the central bank independence in 1997. ... Read more »
New Bank Governor To Get £874,000 Annually
The Bank of England will be paying out substantially more to its new governor than it does currently to Sir Mervyn King. Mark Carney, the incoming Bank of England Governor, will receive an annual pay package equivalent to £874,000, the Bank confirmed today. Among his benefits will be a ... Read more »
BBC News Sir Mervyn King warns risk from eurozone has grown
The risk posed by the eurozone has grown, the departing Bank of England governor Sir Mervyn King has warned. The governor said problems in the eurozone, as well as the US and Asia, lay behind the Bank's recent pessimism about UK growth prospects in 2013-14. Speaking to MPs, he defended ... Read more »
Mervyn King denies 'dissent stifled' at Bank of England
Bank governor denies staff reluctant to speak out, after report reveals concern among junior workers Sir Mervyn King said his staff at the Bank of England are happy to express dissent, after a report raised concerns felt by junior staff. Photograph: Andrew Cowie/AFP/Getty Images Sir ... Read more »
Bean defends BoE’s inflation policy
The governor-designate has since appeared to cool on the idea, while existing members of the Monetary Policy Committee – including Mr Bean and governor Sir Mervyn King -– have signalled in recent weeks that they are more willing to tolerate higher inflation than was earlier thought. ... Read more »
British pound under pressure as investors expect more stimulus from Bank of England
But meeting minutes released Wednesday showed that the three members of the monetary policy committee, including Gov. Mervyn King, voted in February for further stimulus worth £25 billion. Mark Carney, the Canadian central banker who will replace King later this year, has also ... Read more »
Analysis Canada's Carney may ruffle feathers at Bank of England
Many have praised the British central bank and its intellectually brilliant governor, Mervyn King, for helping coordinate the global response to the financial crisis. But some see the 300-year old institution as anachronistic with its doormen in top hats and pink tailcoats. Critics say ... Read more »
