United Kingdom
Central banks should heed asset inflation
LETTER - Anthony H. Rowley, a contributor to Central Banking journal, argues in a letter published in the Financial Times on 10 June that central banks should pay more attention to asset inflation when conducting monetary policy.
Bank of England leaves rate unchanged at 4%
UK - The Bank of England's Monetary Policy Committee has left its key lending rate unchanged at four percent for the seventh month running as it awaits concrete signs that the economy has shaken off its downturn.
Bank of England maintains interest rates at 4.0%
PRESS RELEASE - The Bank of England's Monetary Policy Committee today voted to maintain the Bank's repo rate at 4.0%. The minutes of the meeting will be published at 9.30am on Wednesday 19 June.
Coo!
FEATURE - Sushil Wadhwani's tenure as a member of the Bank of England's interest rate setting committee comes to an end on Friday. The Financial Times, in its Observer column on Thursday, couldn't help making one last joke about Wadhwani's dovish…
Ian exits
FEATURE - The FT's Observer writes on Thursday, farewell Ian Plenderleith - sphinx-like to the end. At a Tuesday night retirement bash for the Bank of England director, his boss Eddie George preserved Plenderleith's legendary reputation as a backroom…
Outgoing MPC member raises bank independence fears
UK - The independence of the Bank of England could be at risk if it continues to undershoot its target for inflation, a member of the Bank's monetary policy committee has warned.
Wadhwani - Inflation forecasts overestimate threat
UK - Reaching for an analogy to explain what the Bank of England's monetary policy committee has got wrong, Sushil Wadhwani turns to the wisdom of one of the cricketing legends: Geoff Boycott in an interview with the Financial Times.
HM Treasury Announcement
ANNOUNCEMENT - Non-Executive appointments to the Court of the Bank of England, 29 May.
Bank of England News Release
NEWS RELEASE - Serial Numbers of £5 Banknotes, 27 May.
New £5 coin would make more sense
LETTER - A letter published in the London edition of the Financial Times on 28 May.
Risks await in raising interest rates
FEATURE - If central bankers are 100 per cent sure that interest rates need to start rising, it is probably too late reports Tuesday's Financial Times.
Bank of England News release, 27 May
NEWS RELEASE - Practical Issues Arising from the Euro - May 2002.
Posh jobs
FEATURE - Former directors of Equitable Life who are being sued for more than £3bn will turn green with envy if they cast an eye over the Bank of England's annual report. In a section on governance and accountability, it makes clear that the Bank's Court…
Warning from Bank of England over euro timetable
UK - Ministers must not be tempted into shortening the timetable for scrapping the pound if Britain votes to join the euro, the Bank of England has warned.
Problem with ink found on new Bank of England note
UK - The Bank of England began an urgent investigation Monday after several people reported that serial numbers on new, anti-counterfeit bank notes had rubbed off on their hands.
Bank of England Working Papers
RESEARCH - Monetary policy and stagflation in the UK by Edward Nelson and Kalin Nikolov, Working Paper No 155, May 2002.
Select Committee on Treasury Fourth Report
REPORT - The Treasury Committee has agreed to the following Report: Appointment to the Monetary Policy Committee of the Bank of England of Ms Marian Bell and Mr Paul Tucker, 24 May.
Two new faces on the Bank of England's MPC
FEATURE - In the auspicious oak panelled surroundings of Committee Room 16 at the Houses of Parliament the newest recruits to the Bank of England's Monetary Policy Committee were put through their paces by the Treasury Select Committee on Wednesday…
Unthinkable that Bank should expect otherwise
LETTER - Sir, While esteeming the Bank of England's quarterly inflation report as "an impressive showcase for the Bank's latest thinking", Observer finds that "it can be a bit samey: the Bank predicts that inflation will be at or close to its target with…
Bank of England may face massive legal claim
UK - The Bank of England has admitted it faces claims of up to £872m from depositors of the Bank of Credit and Commerce International if it loses a landmark legal battle due to start next year.
MPC pay rise over inflation at Bank of England
UK - Members of the Bank of England's monetary policy committee saw their pay rise by more than inflation last year, thanks to the standard practice of uprating salaries in line with the government's inflation target. The Bank's annual report also casts…
Bank of England - Annual Report 2002
ANNUAL REPORT - The Bank of England has published its Annual Report for the year ended 2002.
Speech by Mervyn King, Bank of England, 22 May
SPEECH - In a speech titled 'The Monetary Policy Committee Five Years On' delivered to the Society of Business Economists in London on 22 May, Mervyn King, Deputy Governor of the Bank of England, ponders the role and record of the MPC. Why give the power…
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes from the Bank of England's MPC meeting 8 and 9 May, released 22 May.