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Wednesday, April 7, 2010 as of 11:14 AM ET

Mervyn King

Mervyn King (born 15 March 1966 in Ipswich) is an English professional darts player, who plays in Professional Darts Corporation tournaments.

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BoE Keeps Rates, QE on Hold

The Bank of England voted not to give Britain's struggling economy another cash injection on Thursday as concerns over stubbornly high inflation outweigh the risk of a prolonged recession and renew dangers from the euro zone debt crisis.

Ending its programme of quantitative easing, or QE, may make life more difficult for Britain's Conservative-led ruling coalition, which was battered in local elections last week and relies on loose monetary policy to soften the pain of austerity measures aimed at cutting the country's huge public borrowing.But after buying 325 billion pounds of government debt with newly created money, 50 billion pounds of which has been purchased in the last three months, the Bank has judged that its policy stance is supportive enough.The central bank also left its key interest rate unchanged at a record low 0.5 percent.Both decision had been widely expected, though a significant minority of economists still think the central bank may eventually do more QE.The central ...

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  1. BOE's King: Very Important To 'Play It Safe' With Requested Capital Powers

    The Bank of England must proceed cautiously wielding new requested powers over financial firms, Governor Mervyn King said Saturday."We know absolutely nothing about ...

  2. Bernanke to Meet With Central Bank Heads

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  3. Bank Of England's King Says Banks In Denial

    The governor of the Bank of England , Mervyn King , has launched a fresh attack on the U.K.'s banks, claiming that they are in denial about public anger at their beh...

  4. BOE King: It Is Government's Job To Persuade Banks To Lend

    It is the government's role to persuade banks to lend more to small businesses, Bank of England Governor Mervyn King said Wednesday, arguing that the central bank is...

  5. BOE Tucker: Yields Would Be Higher Without Current Policy

    Yields on U.K. government bonds would be higher were the government not pursuing its fiscal consolidation and the Bank of England not stimulating the economy, BOE de...

  6. BOE Tucker: Banks Should Build Resilience As Crisis Lingers

    Banks must keep working on strengthening their balance sheets because of the lingering threat of a severe crisis in the euro zone, Bank of England deputy governor Pa...

  7. BOE's King Sees U.K. Inflation At 2% By December

    Bank of England Gov. Mervyn King , in a letter released Tuesday, told U.K. Chancellor of the Exchequer George Osborne that the pace of British annual consumer price ...

  8. U.K. January Annual Inflation Slows To 3.6%

    British consumer prices saw a 0.5% monthly decline in January, while the annual inflation rate slowed to 3.6% from 4.2%, the U.K. Office for National Statistics repo...

  9. Swiss Central Bank Chief Resigns

    Swiss National Bank Chairman Philipp Hildebrand resigned with immediate effect on Monday, saying he could not prove he had been unaware of a currency trade made by h...

  10. BOE Sees Slow Growth, Inflation Below Target

    Bank of England policy makers expect British economic growth to slow more sharply than previously expected, while annual inflation is expected to fall back below the...

  11. ECB row, Italy flare on eve of euro rescue summit

    By James Mackenzie and Andreas RinkeA new clash over the European Central Bank and political turmoil in Italy kept the euro zone on edge on Tuesday on the eve of a s...

  12. EU waits for Italy reforms on eve of crucial summit

    By James Mackenzie and Ilona WissenbachItaly's divided government kept Europe waiting on Tuesday for long delayed economic reforms that are central to efforts to con...

  1. UK Plans Legislation To Reform Banking

    The U.K. government Monday said it is on track to pass legislation that will protect the retail operations of banks from their more risky investment banking activiti...

  2. UK Government Plans Legislation To Reform Banking This Year

    The U.K. government Monday said it is on track to pass legislation that will protect the retail operations of banks from their more risky investment banking activiti...

  3. BOE's King Says UK Recovery Slow, Inflation Too High

    Inflation in the U.K. is too high and the nation's economic recovery too slow, Bank of England governor Mervyn King said Wednesday as he warned the euro-zone debt cr...

  4. Goldman Sachs Executive O'Neill Tipped As BOE Governor--Newspaper

    Jim O'Neill, the economist who chairs the asset management division of Goldman Sachs Group Inc. (GS) in London, is a surprise candidate to replace Mervyn King as gov...

  5. UK's Turner Wants EFSF, ESM To Recapitalize Banks

    The euro zone's two bailout funds should be used to recapitalize the currency union's stricken banks, U.K. Financial Services Authority Chairman Adair Turner will sa...

  6. BOC's Carney Denies BOE Rumors

    Bank of Canada Governor Mark Carney said Wednesday that a report he was approached as a possible candidate to lead the Bank of England is "not accurate" and he is "a...

  7. Canada Denies Carney Approached For BOE Top Job

    The Bank of Canada late Tuesday denied a report in the Financial Times that its governor, Mark Carney, had been informally approached by the Bank of England court to...

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