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Monetary policy

Bank of England MPC Minutes 4/5 February

Minutes of the Bank of England's Monetary Policy Committee Meeting were released on 18 February for the meeting of 4 and 5 February 2004. In a rare move, the MPC voted unanimously to raise interest rates by a quarter point.

Making markets work - the central banker's role

For financial markets in transition countries to develop effectively, a broad policy overview is needed. Central bankers have an important role to play in this, argues John Chown, and so they should not confine themselves only to their core functions.

Bank of England raises rates to 4%

The Bank of England's Monetary Policy Committee voted on Thursday 5 February to raise the Bank's repo rate by 0.25 percentage points. In a statement the MPC highlighted the 'more broadly based' world economic recovery but judged the change was need to…

'The monetary policy of the ECB': 2nd edition

The European Central Bank published the second edition of "The monetary policy of the ECB" on 30 January. The publication aims to provide the public with a comprehensive overview of the ECB's monetary policy and its economic and institutional background.

Bank of England MPC Minutes 7/8 January

Minutes of the Bank of England's Monetary Policy Committee Meeting were released on 21 January for the meeting of 7 and 8 January 2004. Sir Andrew Large was the sole dissenter on the MPC for the second month in a row, voting for a quarter-point rate rise.

BoE likely to pause after recent rate rise

The Bank of England is expected to leave interest rates unchanged on Thursday 4 December, AFP reports, after raising them last month. The Bank's Monetary Policy Committee began its two- day meeting on Wednesday 3 December.

Barker on UK monetary policy in a changing world

In a speech on 'UK monetary policy in a changing world' given on 20 November, Kate Barker of the Bank of England's Monetary Policy Committee said some of the major risks which face the MPC, and which have made recent decisions very finely-balanced, stem…

BoE's Barker- Debt rise wouldn't make hike certain

Kate Barker, a member of the Bank of England's interest rate setting MPC, said in a speech on Thursday 20 November, reported by Reuters, that the fundamental reason for the recent increase in UK interest rates was not curbing consumer debt or house price…

Bank of England MPC Minutes 5/6 November 2003

Minutes of the Bank of England's Monetary Policy Committee Meeting were released on 19 November for the meeting of 5 and 6 November 2003. The minutes showed the MPC voted 8-1 in favour of raising interest rates to 3.75%. The only dissenter was Marian…

Bank of England voted 8-1 for rate hike

Minutes from the Bank of England's last monetary policy meeting released on Wednesday 19 November showed an 8-1 vote in favour of increasing interest rates 0.25%, Reuters reports. Marian Bell, who has been labelled a dove on the MPC was the only member…

Bank of England MPC Minutes 8/9 October 2003

Minutes of the Bank of England's Monetary Policy Committee Meeting were released on 22 October for the meeting of 8 and 9 October 2003. Deputy governor Andrew Large, executive director Paul Tucker and external MPC members Kate Barker and Stephen Nickell,…

Minutes show BoE came close to rate increase

Minutes from the Bank of England's October Monetary Policy Committee meeting published on Wednesday 22 October showed four of the nine members, including deputy governor Andrew Large, voted for an increase in interest rates, according to Reuters. The…

Bank of Japan's Monetary Policy Meeting Minutes

Minutes of the Bank of Japan's Monetary Policy Meeting on 11 and 12 September 2003, released 16 October. Members agreed that economic activity still continued to be virtually flat as a whole, although signs of improvement had been observed in such areas…

Central banks: What to achieve & how to get there

This article in the Independent newspaper says that underneath it all, central bankers are ordinary folk, and they, too, face difficulties in achieving what they want. At the Bank of England, the Monetary Policy Committee's life has been relatively short…

MPC minutes point to UK interest rates rise

Bank of England minutes released September 17 show that for a majority on the MPC, it was a "clear-cut" decision to leave rates unchanged in September. The decision to hold the Bank's main interest rate at 3.5 per cent was decisive, but for some members…

Egyptian cb reorganised

The Egyptian government has slimmed down the decision-making body of the Central Bank of Egypt, appointing a new seven-member committee to set short-term monetary policy and supervise the banking sector. This structure replaces the previous board of 11…

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