Bank of England (BoE)
Central bankers are not magicians says BoE's King
Bank of England governor Mervyn King said in an interview with a Swedish newspaper published on Wednesday 14 December that central bankers cannot do magic tricks and politicians shouldn't make comments about the monetary policy of independent central…
Bank of England Quarterly Bulletin, Winter 2005
The Bank of England released its Quarterly Bulletin for Winter 2005 on Monday 12 December. The latest Bulletin includes the article "Do financial markets react to Bank of England communication?".
Bank of England defends communication
A study published by the Bank of England on its communications on Monday 12 December that financial markets show the strongest reaction to minutes of its MPC policy meetings and the quarterly Inflation Report.
Interview with Bank of England's Walton
Speaking in an interview published on Wednesday 30 November, the most recent member of the Bank of England's Monetary Policy Committee, David Walton, said the Bank of England should not rush to move interest rates until it has a clearer idea of whether…
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.
How should central banks communicate?
This European Central Bank Working Paper published on 25 November shows that central bank communication is a key determinant of the market's ability to anticipate monetary policy decisions and the future path of interest rates.
Brown's gold sale losses pile up as price surges
According to this article published on Monday 28 November, the recent increase in the price of gold should be something of an embarrassment for UK Chancellor Gordon Brown with the Bank of England offloading 300 tonnes of gold at close to a 20-year low…
Bank of England's Lomax: 'dollar looks a good buy'
Bank of England deputy governor Rachel Lomax said on Thursday 24 November that the "dollar looks a good buy" because of interest rate differentials and other factors.
Comment: Central banks "shouldn't supervise"
In a speech on Thursday, Howard Davies, who served for two years as deputy governor of the Bank of England and as special adviser to the chancellor of the exchequer, and who is currently director of the London School of Economics, argued that a…
Mervyn the weatherman
Does Mervyn King prefer isobars to interest rates? In an appearance before the Treasury Committee on Thursday 24 November, the governor of the Bank of England revealed his interest in one of the few professions which can compete with economists on the…
BoE's Nickell sees UK interest rate freeze
The prospect of interest rates in the UK remaining unchanged over the coming months increased when a leading Bank of England official was quoted as saying no further changes are required.
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.
Bank of England Inflation Report, November 2005
The Bank of England published its November 2005 Inflation Report on 16 November. In the report the Bank said inflation is set to meet the 2.0 percent target in two years.
Accountability – a politician’s view
David Ruffley discusses how the Bank of England’s accountability has developed in recent years.
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.
King seeks vengeance for 12-year siege
The governor of the Bank of England, Mervyn King, left no one in any doubt that he wanted vengeance against those who had pursued the Bank and 22 of its staff for 12 years, this article published Thursday 3 November notes.
BCCI v Bank of England - Court transcript
A transcript of the Court Session held on 2 November has been released following the collapse of the court case brought against the Bank of England by Deloitte as liquidators for BCCI. Nicholas Stadlen, the bank's lawyer, said the decision to drop the…
BCCI liquidators drop 'hopeless' court case
The case brought by the liquidators of the Bank of Credit and Commerce International against the Bank of England and 22 of its present and former staff collapsed on Wednesday 2 November when all the allegations were unconditionally withdrawn at the High…
Comment: The Old Lady prevails
Deloitte, the liquidators of the Bank of Credit and Commerce International (BCCI), yesterday unconditionally withdrew all allegations of malfeasance on the part of the Bank of England and 22 of its present and former staff members related to the BCCI's…
Central bankers welcome Fed nominee
Following Ben Bernanke's nomination to succeed Alan Greenspan as chairman of the Federal Reserve, central bankers were out in force this week to welcome the move.
BoE's King sees bumpy ride ahead for UK economy
Bank of England governor Mervyn King said on Tuesday 25 October that the UK economy faces increased volatility in the next few years than has been experienced recently.
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…
Gordon Brown welcomes Bank of England appointment
Following the appointment this week of Sir John Gieve to succeed Sir Andrew Large as Bank of England Deputy Governor for Financial Stability, UK Chancellor Gordon Brown said Sir John brings a wealth of experience to the job.