Mervyn King
Formal First Name
Mervyn
Nick Name
Baron King of Lothbury, KG, GBE, DL, FBA
Dates
3/30/1948 - present
Lord Mervyn King is a notable economist and banker who previously served as the Governor of the Bank of England. During his tenure, he established inflation targeting as the foundation of the monetary policy of the United Kingdom. He also helped popularize it in the central banking community worldwide. Lord King also made influential decisions during the financial crisis of 2008. He played an integral role in helping the UK navigate out of the crisis and on the road towards recovery. To commend him, Lord King received not just a knighthood in 2011, but the highest form of that award, the Knight Grand Cross.
Mervyn King Professional Experience / Academic History
Professional Experience
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Professor of Economics and Law
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Governor
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Chairman of the Monetary Policy Committee
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Deputy Governor
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Non-Executive Director
Academic History
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BA in Economics, First Class Honours
- Lord King is a member of the House of Lords as a crossbencher and has the title of "Baron King of Lothbury."
- He had a different approach while dealing with the 2008 financial crisis. He slashed interest rates from 5% to 0.5%, this helped as the financial meltdown eventually stemmed.
- He was appointed a Life Peer in 2013 by Queen Elizabeth II for contributions to public service.
- He is a Fellow of the British Academy and an Honorary Fellow of Kings and St. John's Colleges, Cambridge.
- He is a Foreign Honorary Member of the American Academy of Arts and Sciences.
- He was a Kennedy Scholar at Harvard University.
- He was part of the visiting faculties at both Harvard and MIT, where he interacted with renowned individuals like Ben Bernanke, Chairman of the US Fed.
- He has appeared as a guest on Real Vision.