United Kingdom
BoE minutes reveal ‘finely balanced’ decision on QE in UK
Minutes from May meeting of Bank of England’s Monetary Policy Committee show uncertainty among policy-makers over the decision to leave asset purchase programme at its current level
IMF calls for looser monetary policy in the UK
Latest Article IV review of UK urges further QE or a cut to policy rate; Fund calls on Bank of England to act to boost growth
Bank of England launches review of crisis-handling
Court of the Bank of England commissions set of reviews to learn lessons relevant for the bank’s future responsibilities; first public announcement regarding analysis of this type
BoE paper studies forecasting models
Working paper from Bank of England compares models with time-varying parameters in forecasting UK GDP growth, inflation and interest rates under structural change
Central banks take part in ‘Night of Museums’ event
Central bank museums to open late as part of European Night of Museums event; UK and Lithuania among those with special events planned
Bundesbank reveals location of gold holdings
German central bank says gold is held in four countries; kept in the vaults of the trading centres where transfers happened
European finance ministers agree on Basel III rules
Capital requirement regulations relaxed to allow unanimous support of regulations to implement Basel III; European Parliament negotiations next
Have your say on the next governor of the BoE
CentralBanking.com is running a poll asking about the credentials Mervyn King’s successor should possess
HM The Queen confirms banking ring fence plan
UK set to see controversial ring fence between retail and investment banking operations introduced after Queen includes the plan in her annual speech before the government
King admits BoE should have done more to prevent banking crisis
Bank of England governor says central bank should have done more to prevent crisis despite its limited powers to act; says new resolution mechanism will not work for global banks
BoE statistics show fall in business lending in March
Bank of England lending statistics show decline in business lending and rise in consumer lending in the UK during March
FSA’s Turner outlines reforms needed in eurozone
Adair Turner sets out reforms necessary for eurozone stability; calls for creation of euro bonds and greater fiscal integration
Haldane says macro-prudential tools needed to prevent earnings 'arms race'
Bank of England's Andrew Haldane describes the tools macro-prudential policy makers need to prevent future crises; says banks engaged in a ROE and earnings ‘arms race’
IMF resources set to rise by $430 billion
IMF to receive up to $430 billion in additional funding; fund stresses resources are “not earmarked” for any region in particular
BoE notes rise in nominal gilt yields
Bank of England publishes latest quarterly report on its asset purchase facility; finds that nominal gilt yields on BoE stock are on average 30 points higher than in last quarter
BoE’s Posen says credit failures are hampering UK recovery
UK MPC member Adam Posen highlights lack of non-bank credit options as being among reasons for the slower pace of recovery in the UK relative to the US
Bernanke commends global co-operation for stemming ‘meltdown’
Fed chairman says Fed and international policy actions prevented economic “meltdown”; says some areas of co-operation need improvement
UK FPC member believes drivers of risk need to change
New regulatory frameworks are positive but only changes to incentives that drive risk can prevent a future crisis, says Michael Cohrs
Interim FPC attacks banks’ progress in raising capital
Interim Financial Policy Committee says banks have yet to accumulate capital levels that would “ensure resilience in the face of prospective risks”; committee also discusses macro-prudential tools
Former BoE deputy governor warns on unwinding QE
Unravelling never-before-seen levels of quantitative easing in the global system will be an unprecedented challenge, says John Gieve
Hildebrand joins Oxford University
Former Swiss central bank chief takes advisory role at Blavatnik School Of Government
UK chancellor unhappy about past gold sales
George Osborne issues thinly veiled attack on Gordon Brown over gold sales a decade ago; minutes from latest BoE meeting reveal two votes for more QE
QE is ‘decisively working’ say CBP panellists
Central Banking On Air event focuses on impact of quantitative easing; panellists agree emergency monetary policy steps have been effective but question whether the Fed has ‘over-committed’ itself
BoE’s Broadbent discusses economic risks and stimulus
External member of the Bank of England's MPC discusses the UK's recovery and key risks facing the economy; says withdrawal of monetary stimulus should not happen 'any time soon'