Bank of England (BoE)
Interview with Bank of England's Stephen Nickell
UK inflation has peaked and will soon head lower, Bank of England Monetary Policy Committee member Stephen Nickell told Reuters in an interview on Tuesday 17 June. He also played down the importance of the government's plan to switch the Bank's inflation…
Large on convergence in insurance and banking
In a speech on 'Convergence in Insurance and Banking: Some Financial Stability Issues' Andrew Large of the Bank of England said the data deficiencies we confront today where the actual location of risk is so opaque is a major challenge. Better…
Change in the remit of the Bank of England's MPC
In a letter from Gordon Brown to Eddie George, governor of the Bank of England, the chancellor sets out his intention to change the MPC's remit in the next Pre-Budget Report to give the Bank of England a symmetric inflation target as measured by the…
Sterling also rises as BOE leaves rates on hold
The Bank of England left rates unchanged on Thursday, causing the pound to rise against both the dollar and the euro according to a report by Bloomberg. It was governor Sir Eddie George's last appearance on the MPC.
The Georgian era at the Bank of England
Elizabeth Hennessy describes the far-reaching changes at the Bank over the last ten years and admires the result – a stylish, independent-minded, determined, independent and slimmer Old Lady.
De La Rue to take over BoE note printing operation
The UK Department of Trade and Industry has cleared bank note printer De La Rue's take over of the Bank of England's banknote printing operation, according to CMP Information.
ECB warns over property booms
REPORT - Analysis by the European Central Bank of the impact of house price rises contains a warning to the Bank of England over house price booms.
UK Treasury criticised over Bank appointments
UK chancellor Gordon Brown faced criticism on Thursday over the lack of transparency in the appointments process to the Bank of England's Monetary Policy Committee.
BoE's George- pound fall cuts euro entry obstacles
Sir Edward George suggested on Tuesday that the Bank of England's recent surprise cut in interest rates would be "seen as quite dangerous by the ECB". He also suggested the ECB could benefit from a technical subcommittee to make interest rate…
HM Treasury Press Release Feb 27, 2003
PRESS RELEASE - Bank of England appointments - The Queen has been pleased to appoint, under the Bank of England Act 1998, Rachel Lomax as Deputy Governor of the Bank of England (Monetary Policy), in succession to Mervyn King, 27 February.
Bank of England Press Release
PRESS RELEASE - The Chancellor of the Exchequer announced today, 27 February, that Rachel Lomax, Permanent Secretary at the Department for Transport, will become the Bank of England's Deputy Governor for Monetary Policy. She will succeed Mervyn King, who…
Lomax named first woman deputy governor at B of E
Rachel Lomax was named the new deputy governor of the Bank of England for monetary policy on Thursday in a reshuffle of the MPC which also sees Richard Lambert joining the committee. The moves may be seen as a further shift towards hawkish leanings on…
B of E's King comes out on the attack
FEATURE - Bank of England governor in waiting Mervyn King showed what was described as a "flash of steel" by Observer in the Financial Times when facing questions at Tuesday's parliamentary Treasury select committee meeting in London.
Incoming B of E chief King prepared to lose vote
Mervyn King a noted hawk on the Bank of England's Monetary Policy Committee has said he is prepared to vote against the majority if necessary when he takes up his post as governor in the summer.
Barker on adjusting to low inflation
SPEECH - In the speech 'Adjusting to low inflation - Issues for policy' Kate Barker of the Bank of England said that if the Bank tried to control the build-up of house-hold debt, it might restrain growth in the economy, making people worse off and…
Interest rate warning on euro entry
Bank of England MPC member Kate Barker has called into question the economic case for joining the euro citing "difficulties in the European policy background and problems with the UK exchange rate".
Bank of England Inflation Report, February 2003
REPORT - The Bank of England published its quarterly Inflation Report for February 2003 on Wednesday. In the report the Bank reduced its growth forecast for the UK economy to 2.5 per cent this year from 3 per cent. On the euro-zone economy the report…
Monetary Policy Committee or Puzzle Committee?
ARTICLE - Perhaps the Bank of England's Monetary Policy Committee should be re-named the Monetary Puzzle Committee suggests Stephen King in an article. For him the B of E's decision to reduce interest rates last week after Sir Edward George criticised…
Bank of England Press Release
PRESS RELEASE - Bank of England Reduces Interest Rates by 0.25% to 3.75%, 6 February 2003.
Bank of England surprises with 0.25% rate cut
The Bank of England's Monetary Policy Committee surprised markets on Thursday with a quarter point interest rate cut to 3.75%.
Julius joins ex-MPC member at hedge fund
DeAnne Julius, a former member of the Bank of England's Monetary Policy Committee, has joined her old colleague Sushil Wadhwani at a hedge fund which manages $1bn (UK £625m).
Bank of England Press Release
PRESS RELEASE - Modelling and Forecasting at the Bank of England - The Pagan Report and the Bank's Response, 30 January.
Bean on economists and the real world
SPEECH - In the speech 'Economists and the Real World' Charles Bean of the Bank of England said it is often said that central bank independence is desirable because it takes the politics out of monetary policy. He also said an important feature of the…
IMF Working Paper Series
RESEARCH - In the paper 'Market Predictability of ECB Monetary Policy Decisions: A Comparative Examination' Kevin Ross tests the idea that surveys of the ECB's monetary framework emphasise the inability of financial markets to correctly predict monetary…