Bank of England (BoE)
Bank’s Tucker on shadow banking
Paul Tucker, a deputy governor at the Bank of England, set out his thoughts on the regulatory agenda for financial markets that replicate the features of core commercial banks
Wait and see on rates – MPC minutes
Bank of England’s monetary policy committee is unanimous is decisions to hold rates and the size of the quantitative easing programme
Record inflation growth in the UK
CPI rises by highest-ever monthly margin, QE extension looks less likely
No consensus on quantitative easing
Roundtable reveals divisions on whether Bank of England’s asset purchase programme has helped
Lawmakers voice fears for gilt demand
Treasury Committee says end to quantitative easing could lead to gilts sales falling short and funding costs rising
World’s biggest bond fund cuts back on gilts and treasuries
Pimco says it will reduce its holdings of US and UK government debt on concerns over rising debt and the withdrawal of asset purchase programmes
Old Lady urges banks to use profits to de-leverage
Bank of England calls on banks to plug profits back into fixing balance sheets; Haldane says City exodus may be price worth paying
BoE’s Miles calls for smaller banking sector
Bank of England’s David Miles says the enormous size of the banking sector is no longer justified
Bank of England – Quarterly Bulletin
Bank of England says secondary corporate bond market needs more support
Rate decisions this week
Korea, New Zealand hold but indicate tightening soon to come. Bank of England and Bank of Canada maintain policy stance, along with Peru and Brazil as Denmark and Iceland cut
Former Fed economist calls for more stimulus
Ex-Federal Reserve official says focus must be on providing up to $6 trillion more monetary stimulus rather than exit strategies
Bank’s Bailey links rise in banknotes with turmoil
Bank of England’s Andrew Bailey says crisis has sparked rise in demand for currency; says trend reflected in other major economies
Bank of England moots corporate bond sales
Bank of England proposes extension to quantitative-easing programme to cover corporate bond sales in bid to boost liquidity
BoE should keep close eye on bubbles: Dale
Bank of England’s Spencer Dale says the central bank’s current policy stance increases the likelihood that asset prices may move out of line with their fundamental values
BoE’s Posen wants housing “stabilisers” to control bubbles
Monetary Policy Committee’s Adam Posen calls for existing taxes to work as automatic stabilisers for house prices; argues against leaning against the wind with rates
Bank data revives doubts over QE
Bank of England’s key broad money aggregate and lending figures decline
BoE’s Bailey: Europe to work on resolution regimes
Bank of England’s Andrew Bailey says missing piece in UK’s resolution regime is how to deal with cross-border banks
Bank bailed out two British lenders in secret
Bank of England says it provided lender-of-last-resort support to Royal Bank of Scotland and Halifax Bank of Scotland in October 2008; reveals extent to which two lenders teetered
Bank pushes for corporate-debt expansion
Senior Bank of England officials want greater role for debt markets to enable smaller companies to bypass banks for funds
Bank paper outlines macroprudential tools
Bank of England discusses possible forms of countercyclical capital buffers; highlights potential problems
Recovery will be fragile and unpredictable: Bank’s Sentance
Bank of England’s Andrew Sentance says also that fiscal consolidation may not be as bad as expected
Bank balances set to stay above pre-crisis levels: Fisher
Bank of England’s markets chief says firms likely to hold higher reserve balances at central bank
Three-way split in Bank’s November QE decision
Minutes reveal calls for both a larger expansion and no change
What living wills should do: Bank’s Bailey
Andrew Bailey, the Bank of England’s head of banking services, explains the form and objectives of recovery and resolution plans