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Monetary Policy

European Central Bank Publication

REPORT - The Eurosystem's terms of reference for the use of cash- recycling machines by credit institutions and other euro area institutions engaged in the sorting and distribution of banknotes to the public as a professional activity, 24 May.

Posh jobs

FEATURE - Former directors of Equitable Life who are being sued for more than £3bn will turn green with envy if they cast an eye over the Bank of England's annual report. In a section on governance and accountability, it makes clear that the Bank's Court…

Japan hits out at ratings downgrade

JAPAN - As Japan braced for a possible two notch downgrade to its sovereign credit rating next week, the Ministry of Finance stepped up its war of words with the world's leading rating agencies by restating its belief that they are misguided.

Mboweni willing to tell all

SOUTH AFRICA - South African Reserve Bank governor Tito Mboweni on Monday said he was willing to disclose details of a confidential deal reached between the SARB and Deutsche Bank to boost South Africa's foreign exchange reserves.

ECB Working Paper Series

RESEARCH - Modelling the daily banknotes in circulation in the context of the liquidity management of the European Central Bank, by Alberto Cabrero, Gonzalo Camba-Mendez, Astrid Hirsch and Fernando Nieto, May 2002, (ECB Working Paper No. 142).

Two new faces on the Bank of England's MPC

FEATURE - In the auspicious oak panelled surroundings of Committee Room 16 at the Houses of Parliament the newest recruits to the Bank of England's Monetary Policy Committee were put through their paces by the Treasury Select Committee on Wednesday…

Unthinkable that Bank should expect otherwise

LETTER - Sir, While esteeming the Bank of England's quarterly inflation report as "an impressive showcase for the Bank's latest thinking", Observer finds that "it can be a bit samey: the Bank predicts that inflation will be at or close to its target with…

MPC pay rise over inflation at Bank of England

UK - Members of the Bank of England's monetary policy committee saw their pay rise by more than inflation last year, thanks to the standard practice of uprating salaries in line with the government's inflation target. The Bank's annual report also casts…

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