Bank of England (BoE)
Bank of England Quarterly Bulletin, Spring 2006
The Bank of England published its Quarterly Bulletin for Spring 2006 on Monday. This quarter, one article reports the key findings from a Bank-commissioned survey on the state of household finances.
Preliminary report on security of banknote storage
Sir John Gieve, Deputy Governor of the Bank of England, on Friday 10 March delivered to Mervyn King, the Governor, his confidential preliminary report on the security of banknote storage.
BoEs Bean warns of energy cost risks
British businesses and consumers face the real risk of another spike up in energy costs, the Bank of England's chief economist was reported as saying.
BoE says payment covers all stolen notes
The Bank of England said on Friday 24 February that the £25 million payment made by Securitas on Wednesday covers all the stolen notes belonging to the central bank.
Sir John Gieve to head BoE security review
The review of the security of banknote storage which the Bank of England announced on Wednesday 22 February will be headed by Sir John Gieve, Deputy Governor of the Bank.
Bank of England switches auditors
The Bank of England has decided to offer its audit work to Big Four rival KPMG, ending one of PricewaterhouseCoopers longest running audit contracts.
Biggest UK robbery promps BoE security review
The Bank of England is to review security for banknote storage following Britain's biggest ever robbery at a cash centre in Kent that may have netted the thieves between £40-50 million.
BoE voted 8-1 to hold rates
The Bank of England's policy-making Monetary Policy Committee voted 8-1 to keep UK interest rates unchanged this month, with Stephen Nickell again as the sole member calling for a reduction.
Bank of England Payment Systems Oversight Report
The Bank of England published its second Payment Systems Oversight Report on Friday. It contains the Bank's latest assessment of UK payment systems against the internationally-recognised Core Principles for Systemically Important Payment Systems.
Bank of England Inflation Report, February 2006
The Bank of England published its February 2006 Inflation Report on 15 February. Governor Mervyn King told a press conference the outlook for the UK economy is "benign" and the slowing of consumer spending growth that began in the middle of 2004 "appears…
Committee says Gieve fulfils BoE criteria
The UK Treasury select committee said Wednesday that new Bank of England Deputy Governor Sir John Gieve 'fulfils the criteria' for his new position.
BoE leaves rates unchanged
The Bank of England left interest rates unchanged at 4.5% following its two-day monetary policy meeting. The bank's Monetary Policy Committee (MPC) last cut rates in August 2005, when policy rates were reduced by 0.25%.
BoE legal eagle set to retire
According to the Guardian's City diary, Malcolm Glover would have retired from the Bank of England at the end of 2004 had it not been for the litigation brought by the BCCI liquidators.
Barker: BoE's growth forecast may be optimistic
Monetary Policy Committee member Kate Barker has warned that UK economic growth may fall short of the Bank of England's forecasts, UK daily the Guardian reported.
BoE's Gieve: Oil prices should not impact on rates
John Gieve, the new deputy governor of the Bank of England, on Thursday 26 January rejected suggestions that UK interest rates should rise simply because of very high energy costs.
Bank of England voted 8-1 to hold rates
Minutes of the Bank of England's last Monetary Policy Committee meeting, released Wednesday 25 January, showed that only dovish Stephen Nickell wanted to lower UK interest rates a quarter-point.
Comment: Lambert on CB communication
In a speech delivered in Mumbai earlier this week, Richard Lambert, an external member of the Bank of England's Monetary Policy Committee, argued that although a disciplined communications strategy is an absolute necessity for all modern central banks,…
Britain's fiscal rule is more leaden than golden
Lectures to Britain from the European Union on fiscal discipline are hypocritical and pointless, according to this article published on Monday 16 January. However, the UK government's "golden rule" has masked an escalating deficit on state spending that…
Lull in hostile criticisms from politicians
The New Year seems to have started on an unusually harmonious note as far as relations between central banks and politicians are concerned. With policy interest rates on hold in the UK and euro areas, and perhaps soon to reach a plateau in the US,…
ECB paper The timing of central bank communication
This European Central Bank Working Paper explores whether there are systematic patterns as to when members of the decision-making committees of the Federal Reserve, the Bank of England and the ECB communicate with the public, and under what circumstances…
Lord Woolf chairs Financial Markets Law Committee
The Bank of England announced on Tuesday 20 December the appointment of Lord Woolf as Chairman of the Financial Markets Law Committee (FMLC), beginning 1 February 2006.
Why I decided to vote against the governor: Bean
In this article published on Sunday 18 December, Bank of England Chief Economist and MPC member Charlie Bean said that he has no regrets about voting against the governor to cut interest rates and says that we may not have to wait until spring for the…
Bank of England Inflation Attitudes Survey, Nov 05
The Bank of England published its November 2005 Inflation Attitudes Survey on Monday. When asked about the future path of interest rates, 46% expected rates to rise in the next 12 months, compared with 34% in August and 52% in May.
Bell calls Bank of England forecasts 'ambitious'
Former Bank of England Monetary Policy Committee member Marian Bell said in an interview that the central bank's forecasts for economic growth are "ambitious" and that if she was still on the MPC she would consider cutting rates.