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Monetary policy

Bank of England voted 7-2 to hold rates

The Bank of England's two newest Monetary Policy Committee members, Andrew Sentance and Timothy Besley, both voted for higher interest rates at this month's meeting, minutes released Wednesday 18 October showed.

UK's Blanchflower on his first four MPC votes

In the speech 'Reflections on my first four votes on the MPC' given on 27 September Professor David Blanchflower of the Bank of England painted a softer picture on the outlook for the UK economy, saying that both inflation and growth are likely to come…

MPC considered rate rise says BoE's Gieve

The Bank of England's Monetary Policy Committee considered raising interest rates for the second consecutive month in September, deputy governor Sir John Gieve told the Financial Times newspaper in an interview published Monday 25 September.

Norges Bank raises interest rates

In a widely expected move, Norway's central bank raised interest rates by 25 basis points on 17 August. The rise was the third this year and follows the central bank's stated recent pattern of "small and not too frequent steps".

BoE's Bean says rate move was no surprise

The inflation rate two or more years in the future matters more than the current rate for setting monetary policy, Bank of England Chief Economist Charles Bean was quoted as saying on Wednesday 16 August.

Comment: BoE brightens silly season slumber

The Bank of England surprised practically everyone on 3 August by raising rates by 25 basis points. The Bank's next Inflation Report, to be released on 9 August, and the minutes from the August meeting will make intriguing reading. The move will also the…

Bank of England voted 7-0 to hold rates

Minutes from the Bank of England's 5 and 6 July Monetary Policy Committee meeting, published Wednesday 19 July, showed policy makers voted unanimously to keep the benchmark interest rate at 4.5 percent this month.

Too much secrecy in appointing the Bank's MPC

Writing in the Financial Times on Friday 7 July, UK shadow chancellor George Osborne says the appointment process to the Bank of England's Monetary Policy Committee has been brought into sharp focus with the MPC down to seven of its full complement of…

David Walton

This Obituary, published Friday 23 June, says that David Walton was a tough-minded economist who capped a brilliant City career with a seat on the Bank of England's Monetary Policy Committee.

Bank of England's Walton dies unexpectedly

David Walton, a member of the Bank of England's Monetary Policy Committee, died unexpectedly on Wednesday night after a short illness, the Bank said in a statement released on Thursday 22 June. Mr Walton was 43.

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