United Kingdom
Bank of England appoints Chief Legal Adviser
The Bank of England announced on Thursday 27 April that Dame Juliet Wheldon has been appointed Chief Legal Adviser and Adviser to the Governor.
BoE's new framework for sterling money markets
The Bank of England confirmed Wednesday that it will launch its new framework for official operations to implement interest rate decisions in the sterling money markets on 18 May.
Free trade is king, says BoE chief
Bank of England Governor Mervyn King said on Thursday 27 April that resisting protectionism is the key to prosperity.
Strategist says central banks may sell dollars
Central banks are likely to sell dollars in 2006 as they move to diversify their reserves in favour of the euro, according to BNP Paribas SA.
The UK current account deficit and all that
Bank of England Monetary Policy Committee member Stephen Nickell said in a paper published on Tuesday 25 April that the UK current account deficit is probably sustainable so long as average returns on equities exceed those on debt.
Bank of England Inflation Attitudes Survey, Apr 06
The Bank of England published its April 2006 Inflation Attitudes Survey on Tuesday 18 April. Inflation expectations in the UK have risen to their highest level in seven years, the survey said.
Bank of England voted 7-1 to hold rates
Minutes released on Wednesday 19 April showed that the Bank of England's Monetary Policy Committee voted 7 to 1 at its meeting on April 6 to keep interest rates unchanged at 4.5 per cent.
Comment: BCCI case 'a farce'
According to the presiding judge, the case brought against the Bank of England by Deloitte, liquidators for the Bank of Credit and Commerce International (BCCI), was "a farce" which "had the capacity to damage the reputation of [the British] legal system…
BCCI case was built on air - not even sand
Publication of the formal judgment on Wednesday 12 April finally brought to an end the BCCI litigation case against the Bank of England described as a myriad of "hopeless inconsistencies and implausibilities".
MPC inaction undermines need for meetings
This article, published on Monday 3 April, looks at recent comments by a member of the Bank of England's MPC, for the first time, which publicly question the need for monthly meetings of the interest rate setting committee.
BoE's Lomax questions MPC meetings
Bank of England deputy governor Rachel Lomax said in a speech in Oslo on Thursday 30 March that expectations for inflation have fallen and appear well anchored around the official target of 2.0 percent.
Reforms to BoE's money markets operations
The Bank of England has announced that, subject to conducting a successful dress rehearsal, it is aiming to introduce the new reserve-averaging scheme and standing facilities on 18 May 2006.
BoE's King sees near-term rise in inflation
Speaking before the Treasury Select Committee on Tuesday 28 March, Bank of England governor Mervyn King said that CPI inflation will likely rise above the 2 pct target over the short term.
Money, sex, happiness come to the Bank of England
It was announced this week that David Blanchflower will replace Stephen Nickell on the Bank of England's Monetary Policy Committee from 1 June. This article published on Friday 24 March looks at a research paper Blanchflower co-authored.
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.