Governor, Bank of England Mervyn Allister King of United Kingdom
King is noted for his often-repeated ambition to make monetary policy "boring", by which he means that it should be as predictable as possible by continually focusing on achieving a set inflation target.
King joined the Bank in March 1991 as Chief Economist and Executive Director, having been a non-executive director from 1990 to 1991.
Mervyn King received the nickname of Eeyore from cricketing colleagues; eating thistles is indeed how some see the study of Economics, and he has been a Professor of the subject more than once.
0 percent target, BOE Governor Mervyn King said this morning that CPI will likely meet it during the first half of 2009, but fall “materially below it later in the.
Prior to his tenure at the Bank, King had a distinguished academic career as a student and later as a lecturer as several of the world’s leading universities.
Considered an inflation hawk when compared to his contemporaries, King has faced some controversy during the summer and fall of 2007 around the subprime mortgage crisis in the US.
Born in 1948, Mervyn King was a student at King’s College, Cambridge, and Harvard where he studied economics.
In 1990, King joined the Bank of England as a non-Executive Director and one year later, assumed the position of Chief Economist and Executive Director.
Only once since then has any Governor been on the loosing side of a vote, but this happened in August of 2005 when King was the only member of the MPC to vote against a quarter-point decrease.
In fact, during a speech to the Society of Business Economists (SBE) in May of 2007, King was abundantly clear that timely communication and full disclosure are paramount to the success of any central bank.
Mervyn King has also been vocal with his rejection with any movement for Great Britain to join the Eurozone, and has stated that he believes that the Bank of England has performed better than the European Central Bank (ECB.
King joined the BOE in 1991 and played a key role in transforming Britain's monetary policy after the 'Black Wednesday' of September 1992.
King was his deputy governor) in 2003 was healthy and flush from over 40 straight quarters of GDP growth.
King is generally perceived as opposing the move.
King has continued the legacy of excellence at the bank despite the slowing economy.
The Inflation Target Five Years On by Mervyn Allister KingHandle: RePEc:fmg:fmgsps:sp99Creation: 1998-02Abstract: Mervyn King is the Deputy Governor of the Bank of England and a co-founder of the LSE Financial Markets Group.
Director, having been a non-executive director from 1990 to 1991.
possible by continually focusing on achieving a set inflation target.
non-executive director of the Bank from 1990 to 1991.
London Guildhall, London School of Economics and Wolverhampton Universities.
Mervyn King is Governor of the Bank of England and is Chairman of the Monetary Policy Committee.
Mervyn King was a non-executive director of the Bank from 1990 to 1991.
Mervyn King is a Fellow of the British Academy, an Honorary Fellow of St John's College, Cambridge, a Visiting Fellow of Nuffield College Oxford and holds honorary degrees from Birmingham, London Guildhall and City (London) Universities.
Mervyn King takes over the top slot at the Bank of England from Sir Edward George on Tuesday in what is the crowning glory of a long career as an academic economist and central banker.
King has long been a leading light on the BoE's Monetary Policy Committee since it was set up in 1997 and is famous for saying he wanted monetary policy to be 'boring' and for references to volatile economic data as being like 'disco dancing.
King has a sharp wit and good sense of humour and none of the stuffiness more usually associated with the 'Old Lady of Threadneedle Street', as the Bank is known.
Mervyn Allister King was born in March 1948 and attended Wolverhampton Grammar School at which he attracted attention for his intellect.
Unusually for a central banker, King lives in the trendy West London suburb of Notting Hill.
Mervyn Allister King is listed among the attendees at Bilderberg 2003.
The champagne would have never tasted sweeter.
Friends say that King has been too cerebral in his treatment of the banking system.
Most agree that King is a born monetarist, with little experience of the world of banking.
The son of a railway clerk in Chesham Bois, Buckinghamshire, King was marked out as exceptionally bright from an early age and seemed on course for the life of an academic.
King said that he wanted to make monetary policy boring - by which he meant predictable - but these media presentations were often anything but.
In between, King had a few girlfriends.
When central bankers gather for their annual jamboree at Jacksonhole, Wyoming, King has been regularly feted as a man of principle, a "hawk" content to withstand pressures to cut interest rates.
It seems that the murky world of politics, one which King has spent his life avoiding, might be about to bring him down.
In one of his periodic and cheerless progresses around the country, Mervyn King recently found himself in Leeds.
Bank of England policymakers are gathering amid pressure from retailers and union leaders to cut another 1% from UK interest rates.