Bank of England (BoE)

Real exchange rates and monetary policy

Reserve Bank of Australia, the Bank of Canada and the Bank of England pay close attention to real exchange-rate movements, while the Reserve Bank of New Zealand does not, new research from the Bank of Canada finds.

Dollar pegs should be reconsidered: King

Mervyn King, the governor of the Bank of England, warned on Wednesday that it would become "increasingly important" for countries to discuss abandoning their dollar pegs in the coming years.

BoE's Tucker on assessing price impact of slowdown

A key challenge for the Bank of England's Monetary Policy Committee will be to assess whether the expected economic slowdown will be sufficient to bring inflation back to target, said Paul Tucker, the Bank's executive director responsible for markets.

UK MPC hawk acting on 70s memories

Tim Besley, the only member of the Bank of England's nine-strong Monetary Policy Committee to back a rate hike this month, voted against the majority on fears that UK inflation could become as volatile as it was in the 1970s.

IMF sticks with $1 trillion write-down estimate

The International Monetary Fund (IMF) said on Monday it was standing by its estimate that subprime write-downs would end up totalling something close to $1 trillion despite research by the Bank of England suggesting that losses would be a lot lower.

FSA pushes for covert Bank support

The Financial Services Authority (FSA), the UK's financial regulator, has devised a proposal to allow the Bank of England to provide lender-of-last-resort support in secret.

BoE's Sentance on the inflationary threat

In the face of the current oil and commodity price pressures, policymakers cannot expect to maintain the benign world of steady growth and consistently low inflation, said Andrew Sentence, a member of the Bank of England's Monetary Policy Committee.

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