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Weak demand in the euro zone has weighed on Britain's economy for years.

Only about one-quarter of the cash flowing into global investment banks derives from activity in the real economy.

Markets should not see it as an "aspiration" to return to the "under-priced" liquidity seen before the 2007-09 financial crisis, the bank said.

The Bank of England is studying financial risks associated with climate change and "stranded assets." Next up: The Federal Reserve.

U.S. stocks rallied Monday as the Nasdaq hit the 5,000 milestone for the first time since 2000 ahead of Friday's highly anticipated jobs report.

Mark Carney was speaking at an Institute of International Finance meeting.

The surprise move follows Denmark's rate cut and the Swiss National Bank's decision to drop its cap on the Swiss currency against the euro.

British inflation last month unexpectedly tumbled to 0.5 percent, its lowest in more than 14 years and far below the BoE's 2 percent target.

Financial markets are already starting to pay the price of central bank wavering and lack of cooperation with higher volatility.

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.