Bank of England (BoE)
People: Kuwait appoints first woman deputy governor
New deputies in Sri Lanka, Ireland and Zimbabwe; Turkish MPC member dies; and more
BoE ends bond purchases as government rolls back tax cuts
Gilt market rebounds as government axes most of its controversial ‘mini-budget’
Some CCPs struggle in BoE stress test
First central counterparty stress test finds firms come close to depleting their buffers in baseline scenario
BoE’s Pill says government must ‘respect’ independence
Government and central bank have clashed over causes of UK’s gilt market turmoil
BoE sticks to bond-buying deadline amid strains on UK non-banks
Bailey restates cut-off date for asset purchases despite spike in margin calls and redemptions
Asset sovereignty: a problem to stump Solomon
When states have rival governments, who owns central bank assets?
IMF publishes sober outlook for 2023
“Worst is yet to come”, says chief economist
BoE widens asset purchases as ‘dysfunction’ threatens again
Surge in gilt yields comes in final week of BoE’s “temporary” intervention
BoE prepares more market support as cliff edge looms
Central bank creates temporary repo facility with wider range of eligible collateral
BoE launches teaching resources for secondary school students
Few UK students study economics before age of 16 and schools are not required to teach finance
Gilt market shock ‘far exceeded’ historical price moves – BoE’s Cunliffe
“It might not be reasonable” to expect funds to insure against all extreme outcomes, deputy says
BoE emergency bond purchases drop to zero
Central bank had offered to buy £5 billion per day, but actual purchases have been much smaller
Charles III coins will circulate by end of year, says UK mint
New king will appear on 50 pence coin and commemorative issue
BoE becomes reluctant market-maker of last resort
Gilt market turmoil has again forced the BoE to intervene. Is there a better way?
The risks of a simultaneous and rapid global tightening
Economists call for a more co-ordinated and gradual increase in interest rates
Quantitative tightening: missed opportunities
Treasuries and central banks must think harder about balance sheet policies, says Philip Turner
BoE to buy bonds on ‘whatever scale is necessary’
Turmoil in gilt markets forces pension funds to dump assets to meet margin calls
IMF warns UK government as pound resumes fall
BoE’s Huw Pill signals need for “significant monetary policy response” to government spending plan
King Charles to appear on Bank of England notes from 2024
Other Commonwealth central banks have made little comment on changeover
BoE ‘monitoring developments’ amid market ructions
Many analysts had predicted early policy action from the central bank
BoE hikes rates 50bp as fiscal policy increases uncertainty
Divided MPC approves rate increase, but several members call for more aggressive hike
More reserve managers use ETFs
Debate around how investor and ETF behaviour interact during times of market stress continues
Irish central bank will still exchange old banknotes and coins
Authorities take opportunity to remind public that UK paper £20s and £50s are expiring
UK inflation dips below 10%
Lower fuel costs bring down headline figure, but underlying inflation remains strong