- 5 updates
MPs got their first chance today to ask the next Governor of the Bank of England about his priorities when he starts in July.
Canadian Mark Carney said alongside hitting the inflation target, he may take into account growth and unemployment.
ITV News' Economics Editor Richard Edgar examines the impact of his answers.
Despite the threat of triple-dip recession the Bank of England held off from further emergency support today.
Interest rates are being held at their record low of 0.5%. The Bank's quantitative easing programme - or the level of money it pumps into the economy - is being maintined at £375 billion.
The Bank of England's Monetary Policy Committee is expected to hold their course and keep interest rates at 0.5% today.
Economists predict the Bank will continue to keep its money printing quantitative easing programme on hold, as it looks to its Funding for Lending Scheme and a recent fall in the price of sterling to boost the economy.
The Bank will meet after gross domestic product figures showed the economy slipped back into the red in the final three months of last year, with fears last month's snowstorms will have hit output at the start of this year.
The new Bank of England Governor, Mark Carney, will appear before the House of Commons Treasury Committee today.
The current Governor of the Bank of Canada is likely to face questions from MPs on his experience, the process by which he was appointed and his thoughts on monetary policy and financial stability in the UK.
Latest ITV News reports
It's not every day we get a new governor of the Bank of England so there was great interest in what the man who is due take over has to say.