United Kingdom
Bank of England's Lambert to leave MPC
Richard Lambert is to leave the Monetary Policy Committee of the Bank of England with immediate effect following his decision to accept a position that would represent a conflict of interest, the Bank said on Thursday 23 March.
CBN Comment on UK Budget
Three little-noticed items from the budget delivered March 22 by UK Chancellor of the Exchequer, Gordon Brown, will be of interest to central banks and market regulators.
Bank of England Inflation Attitudes Survey, Feb 06
The Bank of England published its February 2006 Inflation Attitudes Survey on Monday. Inflation expectations in the UK have risen to levels not seen in over two years, the Survey said.
BoE's Barker on cost pressures and UK inflation
In a speech given on 21 March Kate Barker of the Bank of England said the central bank should refrain from paring its benchmark interest rate as inflation accelerates.
Memorandum of Understanding on financial stability
HM Treasury, the Bank of England and the Financial Services Authority on Wednesday 22 March jointly published an updated Memorandum of Understanding for Financial Stability.
Bank of England voted 8-1 to hold rates
Bank of England policymakers voted 8-1 to leave UK interest rates unchanged at their most recent meeting. Stephen Nickell remained the only member of the Monetary Policy Committee to vote for a cut in the cost of borrowing in March, the minutes released…
Bank of England Quarterly Bulletin, Spring 2006
The Bank of England published its Quarterly Bulletin for Spring 2006 on Monday. This quarter, one article reports the key findings from a Bank-commissioned survey on the state of household finances.
Preliminary report on security of banknote storage
Sir John Gieve, Deputy Governor of the Bank of England, on Friday 10 March delivered to Mervyn King, the Governor, his confidential preliminary report on the security of banknote storage.
BoEs Bean warns of energy cost risks
British businesses and consumers face the real risk of another spike up in energy costs, the Bank of England's chief economist was reported as saying.
BoE says payment covers all stolen notes
The Bank of England said on Friday 24 February that the £25 million payment made by Securitas on Wednesday covers all the stolen notes belonging to the central bank.
BoE's Walton: Has oil lost the capacity to shock?
In the speech 'Has oil lost the capacity to shock?' given on 23 February David Walton of the Bank of England said that the UK economy appears to have emerged relatively unscathed from a doubling in oil prices since the end of 2003.
Sir John Gieve to head BoE security review
The review of the security of banknote storage which the Bank of England announced on Wednesday 22 February will be headed by Sir John Gieve, Deputy Governor of the Bank.
Bank of England switches auditors
The Bank of England has decided to offer its audit work to Big Four rival KPMG, ending one of PricewaterhouseCoopers longest running audit contracts.
Biggest UK robbery promps BoE security review
The Bank of England is to review security for banknote storage following Britain's biggest ever robbery at a cash centre in Kent that may have netted the thieves between £40-50 million.
BoE voted 8-1 to hold rates
The Bank of England's policy-making Monetary Policy Committee voted 8-1 to keep UK interest rates unchanged this month, with Stephen Nickell again as the sole member calling for a reduction.
Bank of England Payment Systems Oversight Report
The Bank of England published its second Payment Systems Oversight Report on Friday. It contains the Bank's latest assessment of UK payment systems against the internationally-recognised Core Principles for Systemically Important Payment Systems.
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Comment: Payment system risks
While few would regard Britain's large-value payment system as risky - over its ten-year life, the system has suffered no major scares - how the system will bear up in a crisis or time of market stress is a cause for concern.
Bank of England Inflation Report, February 2006
The Bank of England published its February 2006 Inflation Report on 15 February. Governor Mervyn King told a press conference the outlook for the UK economy is "benign" and the slowing of consumer spending growth that began in the middle of 2004 "appears…
Committee says Gieve fulfils BoE criteria
The UK Treasury select committee said Wednesday that new Bank of England Deputy Governor Sir John Gieve 'fulfils the criteria' for his new position.
BoE leaves rates unchanged
The Bank of England left interest rates unchanged at 4.5% following its two-day monetary policy meeting. The bank's Monetary Policy Committee (MPC) last cut rates in August 2005, when policy rates were reduced by 0.25%.
BoE legal eagle set to retire
According to the Guardian's City diary, Malcolm Glover would have retired from the Bank of England at the end of 2004 had it not been for the litigation brought by the BCCI liquidators.
UK urged to provide more long-term gilts
The UK government should issue more long-term gilts and extend its use of index-linked gilts, investors told the government in an annual consultation meeting on Wednesday 1 February.
Greenspan to become adviser to UK Chancellor
The UK Treasury on Wednesday 1 February announced that Dr Alan Greenspan KBE has agreed to be Honorary Adviser to the Chancellor of the Exchequer Gordon Brown.