United Kingdom
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…
BoE announces retirement of Alastair Clark
Alastair Clark, adviser to the governor of the Bank of England on financial sector issues, is to retire from the Bank of England at Easter after nearly 36 years' service, the bank said Monday 26 February.
Blanchflower sees UK prices falling pretty sharply
Inflation in the UK will fall back 'pretty sharply' this year, Bank of England Monetary Policy Committee member David Blanchflower said in an interview Tuesday 27 February.
An end of King's Bank reign may open way for Lomax
According to this article published Monday 26 February by Reuters, Rachel Lomax could succeed Mervyn King as the first woman to head the Bank of England, if King looks to move to the IMF next year.
BoE's Sentance concerned about inflation
Bank of England Monetary Policy Committee Andrew Sentance said Friday 23 February in an interview with The Times he was concerned that a pick-up in demand could boost inflation.
BoE's Bean on the economic outlook
In the speech 'Economic Outlook' given on 21 February Charles Bean of the Bank of England said upside and downside risks to the inflation outlook are dividing Bank of England policymakers and making it difficult to predict which direction interest rates…
Minutes show 7-2 split on BoE rate vote
The Bank of England's Monetary Policy Committee voted by a 7-to-2 margin to keep its benchmark rate unchanged at 5.25 pct at its meeting earlier this month, minutes showed Wednesday 21 February.
BoE paper on Asia's choice of exchange rate regime
In the Bank of England Working Paper "Does Asia's choice of exchange rate regime affect Europe's exposure to US shocks?" the authors use a stylised three-country model to analyse how the transmission of US shocks to Europe might be affected by Asia's…
Bank of England ready for 'more turbulent times'
The Bank of England said Monday 19 February it will be able to keep inflation under control even if inflation becomes more unpredictable than during the past decade.
Bank of England Inflation Report, February 2007
The Bank of England published its February 2007 Inflation Report on 14 February. At a press conference BoE governor Mervyn King highlighted that the outlook for inflation over the next year is "highly uncertain" due to the large cut in gas and…
Bank signals one more rate rise for 2007
The Bank of England implied on Wednesday 14 February that interest rates will be raised one more time in 2007, to 5.5%.
BoE's Besley says data 'drip-feed' prompted hike
Bank of England MPC member Timothy Besley said in an interview with the Financial Times published Thursday 1 February he was concerned inflation would not fall as quickly as the bank would like.
BoE's Blanchflower downplays 'dove' tag
Bank of England Monetary Policy Committee member, David Blanchflower, has attempted to downplay the market's view of him as an interest rate dove in an interview with the Guardian published Monday 29 January.
BoE's King on UK inflation and monetary policy
In a speech given on 23 January Mervyn King of the Bank of England said inflation in the UK could fall quite sharply this year and that there was room for reasonable people to disagree about the timing or level of interest rate changes. On Wednesday the…
Minutes show BoE split 5-4 on rate increase
The Bank of England's Monetary Policy Committee voted 5-4 in favour of the surprise rate hike on 11 January, minutes of the meeting published Wednesday 24 January showed.
Taking personalities out of monetary policy
The Working Paper 'Taking personalities out of monetary policy decision making? Interactions, heterogeneity and committee decisions in the Bank of England's MPC' from the Centre for Dynamic Macroeconomic Analysis identifies significant interactions…
Coroner's report on death of BoE's Walton
Former Bank of England Monetary Policy Committee member David Walton was killed by a rare flesh-eating bug, a coroner's officer report has shown.
BoE's Besley on inflation and the service sector
In the speech 'Inflation and the service sector' given on 18 January Timothy Besley of the Bank of England said he expects limited spare capacity in the services sector to drive up wages in the wider economy.