United Kingdom
Regulators probe King speech leak
UK City regulators are investigating a sharp rise in futures trading a few hours ahead of Bank of England governor Mervyn King's speech to Bradford business leaders last week.
Bank of England MPC Minutes, 8 & 9 June
The minutes from the 8 and 9 June meeting of the Bank of England's Monetary Policy Committee published on Wednesday 22 June showed policy makers voted 7- 2 to keep interest rates unchanged this month, with Charles Bean and Marian Bell preferring a 0.25%…
Bank of England Inflation Attitudes Survey, May 05
The Bank of England published its May 2005 Inflation Attitudes Survey on 20 June. 62% of respondents thought the inflation target was 'about right', the highest response rate for this question since the survey began.
Bank of England Quarterly Bulletin, Summer 2005
The Bank of England released its Quarterly Bulletin Summer 2005, on 20 June. The Bulletin includes the article "The inflation-targeting framework from an historical perspective" which provides an historical perspective on the post-1992 inflation…
Comments by BoE's Nickell on OECD Paper
In a recent paper two OECD economists say "the absence of monetary policy autonomy seems to be associated with lower structural reform activity in large, more closed economies". Stephen Nickell commented on the paper at an ECB conference on Friday 17…
Bank of England - Annual Report 2005
The Bank of England published its Annual Report for 2005 on 15 June. In his Foreword governor Mervyn King said many of the initiatives arising from the fundamental review of Bank Strategy are already in train.
BoE's King on the UK economy
In a speech given on 13 June, Mervyn King of the Bank of England said consumer spending may bounce back after a weak first half and that inflation may accelerate.
Bof E did not lie over BCCI, says former director
A former head of supervision at the Bank of England rejected allegations on Monday 14 June that the Bank had lied during an inquiry into the collapse of Bank of Credit and Commerce International.
BoE's Nickell says spare capacity in UK lower
Bank of England Monetary Policy Committee member Stephen Nickell said on Tuesday 31 May that the UK Treasury is probably overestimating the amount of spare capacity in the economy.
Bell to leave Bank of England's MPC
The UK Chancellor, Gordon Brown, on Thursday 26 May announced the appointment of David Walton to the Bank of England's Monetary Policy Committee (MPC) to succeed Marian Bell. The appointment will take effect on 1 July.
BoE's Lambert on monetary policy-making
In a speech on 'Monetary policy-making: Fact and fiction' given on 24 May, Richard Lambert of the Bank of England reflects on his two years on the MPC and on the uncertainty inherent in setting monetary policy.
BoE's Tucker reappointed to MPC
Paul Tucker, Executive Director for Markets at the Bank of England, has been reappointed for a further three-year term as a member of the Monetary Policy Committee with effect from 1 June 2005.
Euroclear appoints John Trundle MD
Euroclear SA/NV announced on Thursday 19 May that John Trundle will become Managing Director and head of Risk Management for the Euroclear group, effective 6 June.
Mervyn King and the invisible hand
Bank of England governor Mervyn King delivered a speech this week in which he revealed his "Maradona theory of interest rates" based on the Argentine legend's second goal against England in the 1986 World Cup quarter-final.
BoE's Large on a framework for financial stability
In a speech on 'A framework for financial stability' given on 18 May, Andrew Large of the Bank of England cautioned that new entrants such as hedge funds and insurers have become active in derivatives at a time when the depth of the market is still…
BoE's King on monetary policy practice and theory
In a speech on 'Monetary policy: Practice ahead of theory' given on 17 May, Mervyn King of the Bank of England put forward his views on the virtues of an inflation targeting regime, attributing economic stability in the UK over the last decade to its…
Bank of England voted 8-1 to hold rates in May
The Bank of England's minutes from its May Monetary Policy Committee meeting released on Wednesday 18 May revealed policy makers voted 8- 1 to keep interest rates unchanged in May with Paul Tucker rejoining the majority, dropping his call for an increase.
BoE's Bell on communicating monetary policy
In a speech on 'Communicating monetary policy in practice' given on 17 May, Marian Bell of the Bank of England said that in her experience the MPC is straightforward in its communications. The MPC doesn't spin, nor is it disingenuous.
Bank of England Inflation Report, May 2005
The Bank of England published its May 2005 Inflation Report on 11 May. In the report the Bank said it expects CPI inflation to rise above the 2 pct target in the near term due to temporary factors before settling back to the 2 pct level over the two year…
Bank of England appoints Head of Internal Audit
The Bank of England announced on Thursday 5 May that Stephen Brown has been appointed Head of Internal Audit with effect from 4 July.
UK's Brown says IMF gold sales plan 'on the table'
British finance minister Gordon Brown said on Monday 25 April that his proposal to sell the International Monetary Fund's gold to finance debt relief for poor countries was still on the British agenda in spite of opposition from the US.
Bank of England MPC Minutes, 6 & 7 April
The minutes from the 6 & 7 April meeting of the Bank of England's Monetary Policy Committee published on Wednesday 20 April showed policy makers voted 7- 2 to keep interest rates unchanged this month, the same split as in March, with the majority saying…
UK's Brown rejects IMF recommendations
The Statement by the IMFC, the Fund's governing body, released on SaturdayApril 16 calls for surveillance by the Fund over all countries to remaincentral to its work.
Before & after the Bank of England's independence
This Working Paper investigates how the increase in transparency brought about by the Bank of England's operational independence has changed the way in which markets react immediately after economic announcements.