Bank of England (BoE)
Research on the benefits of information dispersal
Cross-border information sharing allows policymakers to respond more appropriately to common shocks, research published by the Bank of England indicates.
BoE holds rates at 5.25%
The Bank of England has opted to keep rates on hold, as expected, following last month's cut and relatively favourable data on growth.
UK business leader warns against rushing reform
The British authorities must beware of hurrying through seismic supervisory changes in the wake of the run on Northern Rock, the head of the UK's biggest business lobby has warned.
Interbank rates creep up in Europe
Money market tensions are showing signs of re-emergence, with interbank rates hitting levels not seen since mid-January for euro and sterling borrowing.
Central banks to review liquidity rules
Central banks are collectively considering alterations to the provision of emergency liquidity, Paul Tucker, the executive director responsible for markets at the Bank of England, said at a conference organised by the Financial Markets Group of the…
BoE's Gieve calls for bigger buffers
Regulation must temper the pro-cyclicality of the credit cycle, said Sir John Gieve, a deputy governor at the Bank of England.
Rating agencies at core of lawmakers' grievances
An influential group of British members of parliament has slammed the big ratings agencies for their role in the subprime crisis.
Credit crunch – phase two
The credit crisis that started in August last year has moved into a destabilising second phase, with equity markets and the real economy looking increasingly shaky. This section analyses central banks’ response to the long-running crisis
Legislative barriers and Northern Rock
Mervyn King’s assertion that he was “hemmed in” by legislation during the run on Northern Rock has some merits, argues Charles Proctor
Obituaries: Terry Smeeton
Terence Smeeton, born 5 July 1942, died 12 September 2007.
Lessons of Northern Rock
British lawmakers are divided over how to fix a broken regulatory framework
News analysis: Forced into action
Claire Jones, the editor of Central Bank News, analyses how uncertainty threatened to cripple the interbank market and called for a unique response from the central banks
Policy shifts improved inflation outlook
The decline in the level, persistence and volatility of inflation across industrialised countries since the mid-1980s is due in part to improvements in monetary policy, finds a Bank of England working paper.
BoE's Lomax notes dramatic shift in outlook
The persisting financial turmoil and the build up in global inflationary pressures have led to a dramatic change in the outlook for 2008 and beyond, Rachel Lomax, a deputy governor at the Bank of England, said.
Sentance warns of slowdown
Andrew Sentance, a member of the Bank of England's Monetary Policy Committee, has warned of the possibility of a "more significant and sustained" slowdown than those of the recent past.
Bank of England's February minutes
The minutes from the 6 and 7 February meeting of the Monetary Policy Committee show that eight out of the nine members voted to cut the Bank Rate by 25 basis points to 5.25%.
BoE's Besley sees reduction in consumption growth
Speaking at the Institute for Fiscal Studies, London, on 18 February, Timothy Besley, a member of the Bank of England's Monetary Policy Committee, said that recent shocks to the UK economy "have created a challenge to policy."
Old Lady stays cautious in latest Inflation Report
The Bank of England maintained its delicate balancing act between emphasising the upside risks to inflation and signalling that it still has room to cut rates in its latest Inflation Report, published Wednesday 13 February.
UK inflation creeps higher
British CPI inflation edged further above the Bank of England's 2% target in January.
Chances of rate cut fall on UK inflation data
Further monetary loosening in Britain looked less likely after factory-gate inflation hit its highest level since 1991.
Noyer's lonely moment
Robert Pringle, the editor of Central Banking journal, speculates on what kind of questions went through the mind of Christian Noyer, governor of the Banque de France, when he first learned of the Societe Generale disaster.
BoE makes expected rate cut
The Bank of England's Monetary Policy Committee cut rates to 5.25%, as widely expected.
Coordination was unprecedented, says Goodhart
The joint action by five of the world's leading monetary authorities was a move unprecedented in central banking, said Charles Goodhart, a former member of the Bank of England's monetary policy committee.