Bank of England governor defends stance on credit squeeze
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The Bank of England&#39;s governor on Wednesday defended the bank&#39;s arms-length approach to the instability sweeping the world&#39;s financial markets.
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Bank of England governor Mervyn King said Tuesday he expected commercial banks to face more problems in the fallout from the global credit crunch but conditions should improve early next year.
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Bank of England governor Mervyn King rules out any knee-jerk reaction to poor Christmas retail sales, saying such behaviour would be "foolish".
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The British government faced questions Monday over its economic competence after nationalising Northern Rock, the beleaguered mortgage lender that fell victim to the global credit crunch six months ago.
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The Bank of England is considering making explicit interest rate forecasts, the bank's Deputy Governor for Monetary Policy Rachel Lomax said in a speech on Wednesday, the Financial Times reported.
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Downing Street backs Bank of England governor Mervyn King, saying that he is "doing a first class job".
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British Prime Minister Gordon Brown defended on Monday his decision to nationalise troubled lender Northern Rock in the face of fierce criticism and questions over his reputation for economic competence.
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The UK's years of low inflation and falling unemployment may be over, Bank of England Governor Mervyn King warns.
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Bank of England governor admits that the economy might grind to a halt this year
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British Prime Minister Gordon Brown defended his decision to nationalize the struggling lender Northern Rock but some shareholders are threatening legal action.
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The Governor of the Bank of England tells the BBC he wishes mortgage costs were part of the inflation target.
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Business & money: Â· Governor rules out emergency rate cutsÂ· Bail out would mean repeat of past errors
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Bank of England governor Mervyn King faces fresh  questioning about his role in the Northern Rock crisis.
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Britain's finance minister Alistair Darling on Sunday defended his handling of the crisis at troubled bank Northern Rock, after a highly critical report by an influential committee of lawmakers.
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The Bank of England has decided that interest rates will stay the same despite a consumer slowdown. Your views?
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THE little-noticed drop in the pound on the foreign exchanges is starting to worry Mervyn King. In a speech in the rarefied setting of the Eden Project in Cornwall, the Bank of England governor noted that
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Britainâs Treasury chief, Alistair Darling, said that Britain would not protect businesses that make bad judgments, despite a billion-dollar rescue of a struggling bank.