Bank of England (BoE)

Brown's gold sale losses pile up as price surges

According to this article published on Monday 28 November, the recent increase in the price of gold should be something of an embarrassment for UK Chancellor Gordon Brown with the Bank of England offloading 300 tonnes of gold at close to a 20-year low…

Comment: Central banks "shouldn't supervise"

In a speech on Thursday, Howard Davies, who served for two years as deputy governor of the Bank of England and as special adviser to the chancellor of the exchequer, and who is currently director of the London School of Economics, argued that a…

Mervyn the weatherman

Does Mervyn King prefer isobars to interest rates? In an appearance before the Treasury Committee on Thursday 24 November, the governor of the Bank of England revealed his interest in one of the few professions which can compete with economists on the…

Bank of England voted 9-0 to hold rates

The Bank of England's Monetary Policy Committee voted unanimously for a third month in November to keep the benchmark interest rate unchanged, according to minutes released on Wednesday 23 November.

Comment: Activism the ECB way

Yesterday, 9 November, Jean-Claude Trichet explained how the ECB's decision to leave interest rates unchanged for more than two years should not be equated to non-activist monetary policy.

King seeks vengeance for 12-year siege

The governor of the Bank of England, Mervyn King, left no one in any doubt that he wanted vengeance against those who had pursued the Bank and 22 of its staff for 12 years, this article published Thursday 3 November notes.

BCCI v Bank of England - Court transcript

A transcript of the Court Session held on 2 November has been released following the collapse of the court case brought against the Bank of England by Deloitte as liquidators for BCCI. Nicholas Stadlen, the bank's lawyer, said the decision to drop the…

BCCI liquidators drop 'hopeless' court case

The case brought by the liquidators of the Bank of Credit and Commerce International against the Bank of England and 22 of its present and former staff collapsed on Wednesday 2 November when all the allegations were unconditionally withdrawn at the High…

Comment: The Old Lady prevails

Deloitte, the liquidators of the Bank of Credit and Commerce International (BCCI), yesterday unconditionally withdrew all allegations of malfeasance on the part of the Bank of England and 22 of its present and former staff members related to the BCCI's…

Central bankers welcome Fed nominee

Following Ben Bernanke's nomination to succeed Alan Greenspan as chairman of the Federal Reserve, central bankers were out in force this week to welcome the move.

Comment: Braced for a bumpy ride

The Bank of England, along with central banks in several other developed countries, has enjoyed fairly benign conditions in recent years. Inflation pressures have been relatively low, avoiding the need for the Bank to make the tough choice between output…

Bank of England's MPC voted 9-0 to hold rates

Minutes from the Bank of England's 5 and 6 October meeting, released 19 October, showed that all nine members of the Monetary Policy Committee voted to keep interest rates at 4.5 percent this month, not even discussing arguments for a cut.

BoE's Lomax on UK monetary policy

In the speech 'UK monetary policy: The international context' given on 17 October Rachel Lomax of the Bank of England said the central bank has to be careful not to dislodge inflation expectations at a time when the outlook for world oil prices remains…

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

.