Bank of England (BoE)

King declines bumper pay hike

Mervyn King, the governor of the Bank of England who has repeatedly called on UK employers to avoid hiking wages in line with rising inflation, has refused a salary increase that would have seen his pay soar by more than a third.

BoE's Jenkinson on innovation and risk

Nigel Jenkinson, the executive director responsible for financial stability at the Bank of England, highlighted a number of frictions and market imperfections that lower the effectiveness of financial innovation.

Inflation targets impact medium-term expectations

A research paper published by the Bank of England finds evidence that the introduction of inflation targeting has caused both the general public and professionals to anchor their expectations, rather than basing them on current retail price index…

How to put the City into financial stability

Michael Foot, a former executive director responsible for supervision at the Bank of England, suggests ways to limit potential conflicts of interest in appointing City of London bankers to the new Financial Stability Committee at the Bank.

BoE's Gieve on economic cycles

Sir John Gieve, the deputy governor at the Bank of England responsible for financial stability, on Thursday night made his first speech since announcing he would step down.

BoE money-market reforms have worked - paper

This paper by economists from the Bank of England finds that the central banks' introduction of reserves averaging since May 2006 has enhanced banks' ability to manage their daily liquidity requirements, by enabling them to trade in the interbank market…

The role of central banks in financial stability

At a time when many governments and central banks are struggling to distil the key lessons of the crisis, one of the main finding is that the central bank needs the appropriate powers if it is to assume responsibility for systemic financial stability.

IMF financing model becoming unsuitable

International Monetary Fund financing is increasingly unlikely to be sufficient to meet the demands of its higher-risk members, research published by the Bank of England finds.

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