United Kingdom
Future balance sheet size hard to judge – BoE’s Ramsden
Reserves demand likely to become more important as QE winds down, but how large the balance sheet will be is an “open and difficult question”, deputy says
BoE’s Vlieghe: QE unwind need not impact yield curve
Yield curve has flattened since BoE’s independence and is likely to stay that way- MPC member
BoE reveals details of nowcasting approach
Central bank explains approach to generating timely estimates of global GDP
IT failures reveal vulnerabilities in UK banking system
Barclays and NatWest are latest victims of internal failure
De La Rue beats European competition to Swedish banknote contract
Banknotes will be printed in UK after Riksbank severs ties with former supplier
Haldane: ‘superforecasters’ could help central banks
Non-experts could help solve difficult problems for central banks, says Andy Haldane
IMF pessimistic over UK’s post-Brexit future
The larger the impediments to trade in the new relationship, the costlier it will be, IMF head says
Carney says UK prepared for multiple Brexit outcomes
The BoE’s stress tests have become more rigorous amid rising concerns of possible Brexit scenarios
A decade on: Lehman Brothers at the brink
On September 14, 2008, there remained hope that Lehman could be saved and a crisis averted. Events moved rapidly thereafter
BoE on hold as forecasts ‘broadly on track’
Future rate hikes likely if economy develops in line with projections
Carney agrees seven-month extension to term
BoE governor continues to avoid full eight-year term laid out in the central bank law; Jon Cunliffe also reappointed
‘Hyman Minsky was right’ – Don Kohn
Macro-prudential policy should mitigate crisis risks, but needs to be well communicated, says Bank of England policy-maker
FCA’s Bailey hits back at EU location demands
It is not necessary for all EU financial activity to take place in the EU if co-operation is close and rules are aligned, the FCA chief argues
Central banks could do more to tackle climate change – paper
Central banks may be mispricing assets due to climate change risk, paper argues
Carney warns no-deal Brexit would squeeze real income
Governor informs Treasury Committee of household “real income squeeze” in the event of a no-deal Brexit; Mervyn King calls government’s Brexit preparations “incompetent”
BoE study finds ‘relatable’ communications boost trust and understanding
Communications that are relatable to people’s lives work best, behavioural experiment finds
Carney signals ‘willingness’ to stay at BoE
Governor implies he is “willing” to serve another year, though decision falls to Treasury
The Bank of England’s missing records
Central banks need to implement robust archiving frameworks, should they want to maintain public trust and learn from the lessons of the past, writes former Bank of England official historian Forrest Capie
Time running out for EU Brexit temporary permissions regime
UK clearing houses may need to eject EU member positions if BoE scheme is not reciprocated by year-end
‘Stochastic lower bound’ impacts inflation – BoE paper
Assuming the lower bound is fixed might be unrealistic, authors say
Published rate path has similar effect to other communication – BIS study
Communication is important, but the “exact form” less so, according to research
Global crisis uncertainty harmed investment – BoE paper
Authors say their results offer a benchmark for possible Brexit-related uncertainty
Haldane: market power puzzle is important for policy
Micro and macro evidence “not easily reconciled”, says BoE chief economist, but market power could have major impact on inflation
'No-deal' Brexit would make UK banks add risk weight to EU bonds
UK Treasury says failure to agree EU exit deal would force capital charges