Bank of England (BoE)
UK government launches separate easing programme
Bank of England agrees to reduce the maximum size of its Asset Purchase Facility to make way for government’s new credit easing programme; settles dispute over bolstering lending to SMEs
UK lending conditions remain sluggish: BoE data
Bank of England Trends in Lending data shows net lending in UK continued to decline in October, albeit at a slower pace
Bank of England sets out code of practice on electronic trading
Members of the FX Joint Standing Committee comment on the recently reviewed Nips code, which includes a new section on electronic trading
Ex-MPC member says BoE wrong to delay on QE
Former Bank of England external member Sushil Wadhwani disagrees with current rate-setter Martin Weale over when to provide additional stimulus to UK economy
BoE’s Jenkins attacks banking lobby tactics
Bank of England Financial Policy Committee member Robert Jenkins says lobbyists' attempts to scupper banking reforms are dishonest and potentially damaging
Weak demand adds pressure on Bank of England
Bank of England Monetary Policy Committee minutes shows all members voted to hold rates despite growing signs of declining demand from UK households
UK financial system faces severe sovereign risks: BoE survey
Bank of England Systemic Risk Survey shows risk managers believe probability of high-impact event in the UK financial system has increased sharply in 2011
Monetary policy should be recalibrated: BoE’s Miles
Bank of England’s Monetary Policy Committee external member David Miles says shift in housing market may require changes to the way monetary policy is formulated
Blanchflower blasts BoE’s forecasting record
Former Bank of England Monetary Policy Committee member David Blanchflower says central bank will continue to miss projections until outdated models are replaced
BoE revises downward UK growth forecast
Bank of England November Inflation Report expects sluggish growth in 2012 on back of weak global demand and eurozone crisis
King sees sharper decline in inflation ahead for UK
Inflation in the UK falls to 5% in October, but Bank of England governor Mervyn King says inflation could drop more “sharply” in the next six months
Bank of England is ‘monetising the deficit’ with QE – Monetary Policy Forum
Former BoE employees agree the latest round of quantitative easing in the UK could be seen as a way of monetising the deficit; panellists stress Greece’s exit from the euro would be catastrophic
Treasury Committee recommends overhaul of Bank’s Court
Treasury Committee report says Bank of England Court should be replaced by new supervisory board to provide leaner and more expert review of policies
Build-up of euro area risks necessitated further stimulus: BoE’s Bean
Bank of England deputy governor Charlie Bean explains Monetary Policy Committee’s decision to restart its quantitative easing programme
King wants clearly defined bank ring-fence
Bank of England governor Mervyn King says lawmakers must ensure legislation on retail banking ring-fence is clear so regulators can focus on enforcing the new measures
BoE data shows Project Merlin on schedule to hit targets
Bank of England’s Trends in Lending shows UK’s five largest banks are on target to meet lending commitments under programme to boost UK financing to businesses
BoE paper identifies large variation in UK price behaviour
Bank of England study shows significant variation in probability of price changes in microeconomic studies into UK consumer price index
BoE paper identifies strong habit-formation in savings
Bank of England study finds length of precautionary savings incentive during periods of volatility is often underestimated in monetary policy models
Jenkins calls for shift in bank profitability calculation
Newest Interim FPC member, Robert Jenkins, says banks “confuse” return on equity with shareholder value; calls for “clear-headed” dialogue on the “true cost of capital”
Treasury Committee releases terse correspondence with BoE Court
Chairman of the Treasury Select Committee releases correspondence with chairman of the Court of the Bank of England; shows strained relations over release of meeting minutes
UK mortgage lending slows: BoE data
Bank of England Trends in Lending shows mortgage lending by major UK lenders fell in September after strong growth in loan issuance during 2011
Robert Jenkins appointed to interim Financial Policy Committee
Robert Jenkins approved by Treasury Committee to join interim FPC
BoE’s Salmon discusses latest banknote security features
Bank of England banking services executive director Chris Salmon explains use of motion thread in new £50 banknote
Treasury Select Committee grills King
Bank of England governor faces quick-fire questions on quantitative easing and lending to small and medium-sized enterprises; discusses the timing of the latest asset purchase programme boost and reminds government of their responsibilities