Andrew Bailey, deputy governor of the Bank of England, who is in charge of regulating banks, has warned he will take more action on bonuses.
Dr Nemat Shafik is the first senior female economist to work at the bank since 2010.
The certainty the Governor of the BoE was trying to give borrowers by tying an increase in interest rates to unemployment has gone.
ITV News Economics Editor Richard Edgar is listening to the Bank of England Governor Mark Carney at the World Economic Forum in Davos:
Mark Carney speaking in Davos says the Bank of England will decide how to "evolve" forward guidance next month. #WEF14
Carney says "the degree of stimulus will remain exceptional for some time" so low interest rates until the economy reaches "escape velocity"
Asked if another economic bust is inevitable, David Cameron told Political Editor Tom Bradby: "Government's that claim to have abolished the trade cycle are making a big mistake."
David Cameron today backed Chancellor George Osborne's call for an increase in the minimum wage but not to the extent of overruling the Low Pay Commission, which makes the decision:
Bank of England Governor Mark Carney has said "there is no immediate need to increase interest rates".
His comments come as UK unemployment fell to 7.1% - very close to the 7% figure at which the bank previously said it will consider raising interest rates.
Carney told BBC Newsnight the interest rate rise would be looked at in next month's inflation report but it is important to look at the labour market as a whole, not just one indicator.
Asked if he would be announcing a new threshold rate for unemployment, he said that it was "really about overall conditions in the whole labour market",
He added: "The worst of the crisis is behind us but the financial system is not functioning as well as it could. Uncertainty among households and businesses is still preventing investment."
Around 63 million £50 banknotes with the portrait of the first Bank of England Governor Sir John Houblon are to be withdrawn from circulation in 15 weeks' time.
From April 30, the only £50 note that will be accepted as legal tender will be the one with bearing the faces of entrepreneur Matthew Boulton and engineer James Watt, who helped forge the Industrial Revolution.
The Bank of England has tweeted this guide:
This is a Houblon £50. These notes should be used in shops or exchanged at banks between now and the end of April http://t.co/t8xJTwkXaH
From 30 April it is best to use the £50 featuring Matthew Boulton and James Watt http://t.co/CNXbZlkxuj
From May, most banks and building societies will still allow customers to deposit the old £50 notes into their accounts.
It's welcome news that inflation is down & on target. As the economy grows & jobs are created this means more security #forhardworkingpeople
The Office for National Statistics tweeted: