Bank of England (BoE)

The UK current account deficit and all that

Bank of England Monetary Policy Committee member Stephen Nickell said in a paper published on Tuesday 25 April that the UK current account deficit is probably sustainable so long as average returns on equities exceed those on debt.

Comment: BCCI case 'a farce'

According to the presiding judge, the case brought against the Bank of England by Deloitte, liquidators for the Bank of Credit and Commerce International (BCCI), was "a farce" which "had the capacity to damage the reputation of [the British] legal system…

BCCI case was built on air - not even sand

Publication of the formal judgment on Wednesday 12 April finally brought to an end the BCCI litigation case against the Bank of England described as a myriad of "hopeless inconsistencies and implausibilities".

Comment: The IMF's Global FSR

The IMF yesterday unveiled its latest Global Financial Stability Report at the Bank of England head office in London. "The near-term outlook is as good as it gets," Gerd Hausler, director of the IMF's capital markets unit, said at the press conference.

MPC inaction undermines need for meetings

This article, published on Monday 3 April, looks at recent comments by a member of the Bank of England's MPC, for the first time, which publicly question the need for monthly meetings of the interest rate setting committee.

BoE's Lomax questions MPC meetings

Bank of England deputy governor Rachel Lomax said in a speech in Oslo on Thursday 30 March that expectations for inflation have fallen and appear well anchored around the official target of 2.0 percent.

Reforms to BoE's money markets operations

The Bank of England has announced that, subject to conducting a successful dress rehearsal, it is aiming to introduce the new reserve-averaging scheme and standing facilities on 18 May 2006.

Money, sex, happiness come to the Bank of England

It was announced this week that David Blanchflower will replace Stephen Nickell on the Bank of England's Monetary Policy Committee from 1 June. This article published on Friday 24 March looks at a research paper Blanchflower co-authored.

Inflation targeting and inflation expectations

The San Francisco Fed Working Paper "Does inflation targeting anchor long-run inflation expectations? Evidence from long-term bond yields in the U.S., U.K., and Sweden" published March 2006 investigates the extent to which inflation targeting helps…

Bank of England's Lambert to leave MPC

Richard Lambert is to leave the Monetary Policy Committee of the Bank of England with immediate effect following his decision to accept a position that would represent a conflict of interest, the Bank said on Thursday 23 March.

CBN Comment on UK Budget

Three little-noticed items from the budget delivered March 22 by UK Chancellor of the Exchequer, Gordon Brown, will be of interest to central banks and market regulators.

Bank of England voted 8-1 to hold rates

Bank of England policymakers voted 8-1 to leave UK interest rates unchanged at their most recent meeting. Stephen Nickell remained the only member of the Monetary Policy Committee to vote for a cut in the cost of borrowing in March, the minutes released…

BoE says payment covers all stolen notes

The Bank of England said on Friday 24 February that the £25 million payment made by Securitas on Wednesday covers all the stolen notes belonging to the central bank.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.