G-7 Finance Ministers meet at Treasury Department in Washington
British Central Bank Governor Mervyn King poses for a photograph at the Treasury Department in Washington on October 19, 2007. (UPI Photo/Alexis C. Glenn)
UPI Related News
LONDON, Aug. 19 (UPI) -- Bank of England policy makers were split in a decision to increase the ceiling of a qualitative easing program, meeting minutes released Wednesday show.
LONDON, Feb. 26 (UPI) -- Bank of England Gov. Mervyn King said the size of Britain's debt had limited the size of the economic stimulus the government could provide.
LONDON, Jan. 21 (UPI) -- Bank of England Gov. Mervyn King said the bank might resort to buying bonds from financial firms and the Treasury to restore lending and combat deflation.
LONDON, Nov. 25 (UPI) -- Bank of England Gov. Mervyn King said Tuesday the central bank may need to cut rates to stimulate the country's sluggish lending.
NEW YORK, Oct. 22 (UPI) -- Crude oil prices slid again Wednesday on the New York Mercantile Exchange as the dollar continued to gain strength against the euro.
LONDON, Oct. 22 (UPI) -- Bank of England Gov. Mervyn King said the British economy was headed toward a recession, prompting a quick fall of the pound against the U.S. dollar.
LONDON, Sept. 16 (UPI) -- Inflation in August jumped more than expectations in Britain, reaching 4.7 percent, the Office for National Statistics said.
LONDON, Aug. 14 (UPI) -- The governor of the Bank of England said there were signs the British economy could fall into a recession by the end of the year.
LONDON, June 17 (UPI) -- Inflation in Britain hit a 16-year high in May, prompting an explanatory letter from Bank of England to the country's Chancellor, officials said.
LONDON, June 5 (UPI) -- Falling house prices did not stop the Bank of England from maintaining its key interest rate at 5 percent Thursday, economic observers said.