United Kingdom

BoE issues inflation warning on wages

The Bank of England has released a report, co-written by chief economist Charlie Bean and other bank staff, warning that an increase in the share of national income being taken by wages may lead to a rise in inflation.

Easing of Yugoslav sanctions by BOE

The Bank of England has eased financial sanctions against the Federal Republic of Yugoslavia and Serbia following the publication of an EC regulation.

John Nugee goes to State Street

John Nugee, the head of reserve management at the Bank of England, has moved to State Street. Paul Chilcott is the new chief reserve manager.