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  • CPI inflation over the past 12 months. Source: ONS

    CPI inflation falls to 3.6 per cent in January

  • Inflation to fall below two per cent target within the year

  • Bank begins monetary policy meeting, three years after first cutting rates

  • No change to base rate or QE programme from Bank of England

  • Mervyn King, governor of the Bank of England

    Consumers hoping for interest rate rise over next 12 months

  • Bank considers how to prevent conflict between two bodies

  • MPC committee remains divided over need for further QE

  • Paul Chisnall, executive director of the BBA

    British Bankers' Association calls for clear role for Financial Policy Committee

  • Financial Policy Committee proposes powers over capital requirements and leverage

  • Bank of England building

    Bank of England base rate held at 0.5 per cent

  • Mervyn King, governor of the Bank of England

    Bank of England disappointed about slow decline in inflation rate

  • Deputy governor of the Bank of England Paul Tucker

    Bank of England's Paul Tucker forecasts inflation could remain persistently high

  • Bank of England

    Bank of England holds interest rates at 0.5 per cent

  • Mervyn King, governor of the Bank of England

    Inflation to be above target until middle of next year says BOE

  • CPI percentage change over past 12 months. Source: ONS

    Inflation falls from 3.5 per cent to 3 per cent over Easter

  • David Miles

    Bank of England's David Miles argues for further QE

  • Bank of England

    Bank of England seeks new Committee member

  • Bank of England

    Bank leaves rate unchanged at 0.5 per cent and no further QE

  • Bank of England

    Treasury Committee questions accountability of the Bank of England

  • Bank of England building

    Adam Posen admits he was 'too optimistic' about QE impact

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