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Mervyn King said he was concerned about a persistent weakness in global economic demand, six years on from the depths of the financial crisis.

The fall in inflation has given some respite to households with average earnings rising by more than prices.

Pay data is politically and economically sensitive as Britain heads towards a general election in May.

Economists are looking ahead to Friday's highly anticipated jobs report after the Dow plunged as much as 350 points Monday.

British companies plan to cautiously relax their grip on pay in 2015.

The fall in inflation has given some respite to British households and average earnings rose by more than prices in September.

After Japan's economic program "Abenomics" survived elections Sunday, all eyes are now looking ahead to the Fed’s final meeting of 2014.

The rapid pace of job creation has slowed, but there's a bright spot. Starting salaries rose faster due to staff shortages in many sectors.

However, unsecured consumer credit lending is picking up strongly, growing at an annual rate of nearly 3 percent.

Mark Carney's remarks come just days after major global banks were fined over $3 billion for attempting to rig foreign exchange markets.

Signs of a cooling in Britain's labor market will be noted by the BoE, which considers wage growth central to its decision on interest rates.

While growth looked set to be the fastest of any major economy this year, real wages and productivity were weakest since the 19th century.

The economic future of an independent Scotland will depend on what happens to its currency, which is still unclear.

A dramatic swing in Scottish independence polls toward a "yes" vote has investors scrambling for answers on what might happen.

Though Britain's economy is growing faster than other nations', you wouldn't know it from Brits' paychecks.

There are still 120,000 British WWI war bonds outstanding, paying 3.5 percent interest.

Speaking to British lawmakers, Carney said that data on British wages had come in softer than expected.

Bank of Russia says it will keep rates elevated.

At its most recent meeting, the committee members were in full agreement on interest rates and quantitative easing.

The U.K. budget is one of the most widely covered events on the calendar because of its public impact.

The BOE kept its key bank rate the same, and also maintained its purchased assets at the same level.

There were 125,000 fewer unemployed people in the last quarter of 2013 in the UK compared to the previous quarter.

Inflation remains contained, despite monetary stimulus, which is good news for the Bank of England.

About 167,000 people found work in the latest quarter - the largest decline since 1997.

Indicators such as unemployment and inflation are edging closer to limits set by the bank to rescue the economy from the financial crisis.

The release of a slew of economic data and the minutes of Federal Reserve's FOMC meeting are ahead this Wednesday.

The UK may have grown the fastest among the world's top seven economies in the September quarter, according to analysts.

In his first speech since taking office July 1, BoE Governor Mark Carney says the recovery seen so far isn't enough.

The big day is almost upon us. The BoE is expected to unveil new guidance for setting interest rates on Wednesday.