United Kingdom
Interview with Bank of England's Mervyn King
In an interview with the Financial Times published Thursday 3 May Mervyn King said the Bank of England was "clearly" failing to explain properly to markets how the Monetary Policy Committee was likely to respond to economic data.
Ex-BoE George on 1997 independence
Former Bank of England governor Eddie George said in an interview with the Financial Times Wednesday 2 May that he didn't consider resigning when the BoE was given independence in 1997, relieving it of the role of supervising commercial banks.
BoE's inflation-targeting under scrutiny
According to this article from Bloomberg, published Monday 30 April, surging UK property prices are throwing into question the inflation-targeting approach of the Bank of England.
Bank of England Financial Stability Report, Apr 07
The Bank of England published its latest Financial Stability Report for April 2007 on Thursday 26 April. The report said the U.K.'s financial stability is facing a greater threat than it did in July from low corporate lending rates and growth in markets…
BoE's Tucker on financial system developments
In the speech 'A perspective on recent monetary and financial system developments' given on 26 April Paul Tucker of the Bank of England suggested that UK interest rates are nearing levels at which they will really cut into economic activity.
King says UK inflation may dive
Bank of England governor Mervyn King said Tuesday 24 April that he expects the CPI annual inflation rate to fall back sharply in the next 4-6 months.
Kate Barker reappointed to Bank of England's MPC
Kate Barker, who recently completed the Barker Review of Land Use Planning, was reappointed to the Bank of England's Monetary Policy Committee (MPC) for a further three-year term on Monday 23 April, becoming the first external member to serve a third…
King 'determined' to get UK prices down-report
The Yorkshire Post reported Friday 20 April that Bank of England governor Mervyn King has said the central bank is get inflation back on track to its 2 percent target.
King finally writes his 'Dear Gordon' letter
Bank of England governor Mervyn King had to explain to UK chancellor Gordon Brown this week why inflation had exceeded the bank's target. This article by John Berry of Bloomberg looks at King's failure to be boring.
Minutes show 7-2 vote to hold UK rates
Bank of England Monetary Policy Committee members voted 7- 2 to keep interest rates unchanged for a third month in April, with Timothy Besley and Andrew Sentance in favor of a quarter- point increase, minutes published Wednesday 18 April.
King says BoE will look beyond volatility
Bank of England governor Mervyn King Wednesday 17 April sent an open letter the UK chancellor saying the MPC will look beyond short-term volatility in prices to get inflation back on track.
BoE paper on migration and UK economy
Migration into the UK from EU accession countries continues to suppress inflationary and wage pressures, a working paper from the Bank of England's Monetary Policy Committee published Wednesday 11 April found.
BoE's Clark on models of financial stability
In the speech 'Analytical models of financial stability' given on 28 March Alastair Clark of the Bank of England said further ahead, a framework does now seem to be emerging within which a more systematic discussion of financial risks can take place.
BoE's Gieve on the City's growth
In the speech 'The City's growth: The crest of a wave or swimming with the stream' given on 26 March John Gieve of the Bank of England said the City of London looks set to consolidate its position as a top financial centre as the gap between the US and…
BoE's King on the inflation outlook
In opening remarks at an appearance before the parliamentary Treasury Select Committee, Bank of England governor Mervyn King said further volatility in inflation is likely in the coming months as retail gas and electricity prices fall.
BoE's Barker on interest rate changes
In the speech 'Interest rate changes - Too many or too few?' given on 20 March Kate Barker of the Bank of England warned that the uncertain medium term outlook for inflation may prompt frequent changes in interest rates.
BoE's MPC voted 8-1 to keep rates on hold
The Bank of England's rate-setting body voted 8-1 to keep interest rates unchanged at its 8 March meeting, with David Blanchflower alone voting for a quarter point cut, minutes published Wednesday 21 March showed.
Bank of England Quarterly Bulletin, Q1 2007
The Bank of England published its First Quarter 2007 Quarterly Bulletin on Monday 19 March. The latest issue says rises in UK interest rates have been a major factor behind gains in the pound over the past year.
BoE's Sentance on the changing pattern of savings
In the speech 'The changing pattern of savings: Implications for growth and inflation' given on 15 March Andrew Sentance of the Bank of England warned of possible inflationary risks from strong consumer spending levels.
Bank of England Inflation Attitudes Survey, Feb 07
The Bank of England published its February 2007 Inflation Attitudes Survey on Thursday 15 March. UK inflation expectations for the coming year remained at an elevated 2.7 pct in February, the survey found.
BoE's Bean reappointed to MPC
Charlie Bean, the Bank of England's chief economist, has been reappointed to the rate-setting Monetary Policy Committee for a further three year term from 1 June, the central bank confirmed Wednesday 14 March.
BoE's Lomax on the MPC coming of age
In the speech 'The MPC comes of age' given on 28 February Rachel Lomax of the Bank of England highlighted that the central bank will fulfil its duty of meeting the inflation target rate over the medium term.
Blanchflower on developments in UK labour market
In the speech 'Recent developments in the UK labour market' given on 26 February David Blanchflower of the Bank of England said inflation in the UK is likely to fall back towards target by the middle of 2007 and well below it by the end of the year.
BoE Payment Systems Oversight Report
The Bank of England published its third Payment Systems Oversight Report on Tuesday 27 February. The report says its overall message is encouraging, summarising the developments in the key UK payment systems over the past year and explaining the focus of…