United Kingdom
UK Economy faces bumpy ride, warns BoE's King
The British economy may face a "bumpier ride" this year than last in terms of growth and inflation, the UK central bank's deputy governor has warned
Treasury publishes annual update on convergence
The Treasury last week published, and submitted to the European Commission,the UK's 2001 Convergence Programme, "Maintaining Economic Stability".This is the fourth annual update to the UK Convergence Programme publishedin line with the EU Stability and…
New Bank of England banknote
NEWS RELEASE - New £5 Banknote Design, 18 December 2001.
Eddie George doubtful on euro
UK - Sir Edward George, the governor of the Bank of England, has pitched into the ongoing debate about potential British entry into the euro, saying that a single economic policy across Europe was a "disadvantage".
EU probes Lloyd's regulation
UK - The European Commission (EC) has begun legal action against the UK government by asking for more information about its regulation of the Lloyd's of London insurance market.
Fears that euro ATMs will run dry
UK - The stock of euro notes in banks' cash machines is in danger of running out in the first weeks of the new currency's launch on 1 January, bankers have warned.
Paper by Charles Bean C Economist, Bank of England
SPEECH /PAPER - Paper by Charles Bean, Chief Economist and Member of the Monetary Policy Committee, Jens Larsen and Kalin Nikolov, Monetary Assesment and Strategy Division at the Bank of England to the Monetary Transmission Network Conference at the…
Bank of England MPC Minutes
MINUTES - Minutes of the Bank of England Monetary Policy Committee Meeting - 4 & 5 December 2001.
UK economy set to outperform
UK - The UK economy grew faster than previously thought during the year to September 2001, according to new official figures.
City watchdog to regulate e-money issuers
UK - The Financial Services Authority, the City watchdog, is to extend its regulatory reach to cover organisations issuing "electronic money" used as an alternative method of payment to credit cards.
IMF Working Paper - Contagion and Shifting Risk
RESEARCH - IMF Working Paper - Pure Contagion and Investors Shifting Risk Appetite: Analytical Issues and Empirical Evidence by Manmohan Kumar and Avinash Persaud, September 2001.
BOE Dec Minutes - MPC Voted 7-2 To Hold Repo Rate
UK - Seven of the nine members of the Bank of England's Monetary Policy Committee voted to keep the repo rate on hold at 4.0% in the Dec. 4-5 meeting, according to minutes of the meeting released Wednesday.
Employee relations at the ECB slated as primitive
UK - Most Bank of England staff are unhappy with their working conditions due to changes in the way the bank has been run over the last year, according to a report published today.
UK inflation falls to record low
UK - UK inflation fell more steeply than expected last month, paving the way for further interest rate cuts to stimulate the economy.
Practical issues arising from the euro
RESEARCH - The Bank of England today, Friday, published its semi-annual booklet 'Practical issues arising from the euro' December 2001 issue.
Bank of England News Release
News Release - Bank of England Maintains Interest Rates at 4.0%.
BoE leaves UK rates unchanged at 4 per cent
UK - The Bank of England on Wednesday left its key lending rate steady at a 37-year low of 4.0 percent.
Speech by Alastair Clark of the Bank of England
SPEECH - Remarks by Alastair Clark, Executive Director of the Bank of England at the FBSA Annual Conference 2001 in London on 29 November.
Speech by Ian Plenderleith of the Bank of England
SPEECH - Speech by Ian Plenderleith, Executive Director of the Bank of England to the 15th Annual European Finance Convention at The Conrad International Hotel in Brussels on 29 November.
BOE - Delivery/ payment system
UK - Bank of England Executive Director for Financial Market Operations, Ian Plenderleith, said Thursday the new delivery versus payment system for the settlement of securities trade in the U.K. was a success.
Economists can indeed 'conclude otherwise' on euro
LETTER - A letter published in the London edition of the Financial Times on 29 November.
Bank of England Working Paper Series
RESEARCH - Costs of banking system instability: some empirical evidence by Glenn Hoggarth, Ricardo Reis and Victoria Saporta of the Bank of England.
Economics guru warns on UK recession
UK - The threat of inflation in the UK is greater than the Bank of England's Monetary Policy Committee thinks, according to one of its nine influential members.
Speech by Deputy Governor of the Bank of England
SPEECH - Speech by Mervyn King, Deputy Governor of the Bank of England to the annual dinner of the CBI North East Region in Newcastle upon Tyne on 22 November.