Monetary policy
BoE's Walton sees no rush for rate move
David Walton, the newest member of the Bank of England's Monetary Policy Committee, told the Times that inflation could easily remain above the Bank's 2 percent target for some months while economic growth seemed to have recovered somewhat.
Bank of England voted 9-0 to hold rates
The Bank of England's Monetary Policy Committee voted unanimously for a third month in November to keep the benchmark interest rate unchanged, according to minutes released on Wednesday 23 November.
Norway paper on Monetary policy and asset prices
A recent Bank of Norway working paper investigates whether there is a case for asset prices in interest rates rules within a small econometric model of the Norwegian economy.
BoE: no rates change
The Bank of England left its main interest rate yesterday, 9 November, unchanged at 4.5% for the third month in succession. The decision was widely expected after recent comments by Mervyn King, governor of the Bank, indicating he was against rate cuts.
Comment: Activism the ECB way
Yesterday, 9 November, Jean-Claude Trichet explained how the ECB's decision to leave interest rates unchanged for more than two years should not be equated to non-activist monetary policy.
ARB sees "modest" inflation threat
The Australian Reserve Bank said in its monetary policy statement released on Monday 7 November that it expects "a modest" increase in inflation rate and hinted that interest rates would remain on hold this year.
Brazilian CB reduces number of meetings
The Central Bank of Brazil will lengthen the period between its interest rate policy meetings to 44 days from the current 30 days.
Comment: Braced for a bumpy ride
The Bank of England, along with central banks in several other developed countries, has enjoyed fairly benign conditions in recent years. Inflation pressures have been relatively low, avoiding the need for the Bank to make the tough choice between output…
Bank of England's MPC voted 9-0 to hold rates
Minutes from the Bank of England's 5 and 6 October meeting, released 19 October, showed that all nine members of the Monetary Policy Committee voted to keep interest rates at 4.5 percent this month, not even discussing arguments for a cut.
Bank of England rate split 'behind us now'
Bank of England Monetary Policy Committee members Paul Tucker and David Walton differed over the outlook for inflation in testimony to lawmakers on Thursday 13 October.
BoE's Lambert warns on disappointing GDP
Bank of England Monetary Policy Committee member Richard Lambert warned in a newspaper interview on Thursday 29 September that UK GDP growth is likely to fall short of the central bank's best estimate and that consumer spending remains weak.
Bank of England Quarterly Bulletin, Autumn 2005
The Bank of England released its Quarterly Bulletin Autumn 2005 on Monday. The Bulletin includes the article "Assessing the MPC's fan charts" which says the Bank's use of fan charts has given a 'reasonably good guide' to the risks surrounding the outlook…
Bank of England's MPC united on rate vote
Minutes from the Bank of England's 7 and 8 September meeting released on Wednesday 21 September showed policy makers voted unanimously to keep interest rates unchanged.
Comment: Challenging 'received wisdom'
In delivering the Keynes Lecture in Economics at the British Academy on Tuesday, Bank of England MPC member, Professor Stephen Nickell, set out to refute two major areas of criticism of MPC's track-record over the last five years.
BoE's Walton on monetary policy challenges
In the speech 'Monetary policy challenges facing a new MPC member' given on 16 September David Walton of the Bank of England said it has been a very interesting, and challenging, time to join the MPC.
U.K. interest rates are heading for a decline
The Bank of England's Monetary Policy Committee will decide on UK interest rates this Thursday. This article published on Wednesday 7 September suggests there will no surprise when the MPC leaves interest rates unchanged at 4.5 per cent, but rates are…
Kenya committee to advise on monetary operations
The Central Bank of Kenya will benefit from expert advice on how to implement monetary policy, following the establishment of a Monetary Policy Advisory Committee on August 24.
In search of King's defence
Two articles published Thursday reflected on the Bank of England's last MPC meeting which saw the governor outvoted for the first time. One says the UK's "boring" monetary policy just got a whole lot more interesting, noting that heavyweight Charlie Bean…
Bank of England MPC Minutes, 3 & 4 August
The minutes from the 3 & 4 August meeting of the Bank of England's Monetary Policy Committee published on Wednesday 17 August showed governor Mervyn King and three other top officials voted against this month's decision by the nine member MPC to cut…
Comment:Test for Mervyn King's communication skill
What does yesterday's revelation that the top brass of the Bank of England's MPC were outvoted at August's monetary policy meeting imply for the market's view of future interest movements in the UK? And what does it tell us about the institutional set-up…
Doubts on Bank of England's forecasting
Nobody could say that Mervyn King, governor of the Bank of England, was defensive at yesterday's press conference on the latest Inflation Report (who has ever seen Mervyn on the defensive?), but he certainly knew he had some explaining to do.
Bank of England reduces rates by 0.25%
The Bank of England's Monetary Policy Committee voted on Thursday 4 August to reduce the Bank's repo rate by 0.25 percentage points to 4.5%.
Bank of England set to cut interest rates
The Bank of England is widely expected to reduce UK interest rates when it concludes its 100th Monetary Policy Committee meeting on Thursday 4 August.
Bank of England MPC Minutes, 6 & 7 July
The minutes from the 6 & 7 July meeting of the Bank of England's Monetary Policy Committee published on Wednesday 20 July showed policy makers voted 5-4 to leave its benchmark interest rate unchanged at 4.75%.