Bank of England (BoE)

MPC pay rise over inflation at Bank of England

UK - Members of the Bank of England's monetary policy committee saw their pay rise by more than inflation last year, thanks to the standard practice of uprating salaries in line with the government's inflation target. The Bank's annual report also casts…

Speech by Mervyn King, Bank of England, 22 May

SPEECH - In a speech titled 'The Monetary Policy Committee Five Years On' delivered to the Society of Business Economists in London on 22 May, Mervyn King, Deputy Governor of the Bank of England, ponders the role and record of the MPC. Why give the power…

Speech by Sushil Wadhwani, Bank of England, 16 May

SPEECH - In a speech titled 'The MPC: Some Further Challenges' Wadhwani slammed the MPC's forecasting methods as flawed and, noted as an arch dove, said interest rates had been set too high over the past five years. He also rebuked deputy governor Mervyn…

Outgoing MPC member criticises B of E rates record

UK - The Bank of England would have delivered a significantly more impressive performance on both growth and inflation if interest rates had been kept lower over the past few years, according to research carried out by Sushil Wadhwani, a soon to depart…

Strong appeal

FEATURE - An emotional day yesterday for Ian Plenderleith - by Bank of England standards at least. The outgoing head of financial market operations has always been taciturn when helping to unveil the inflation report, reports Thursday's Financial Times.

Changing the guard on the Bank of England's MPC

FEATURE - The Bank of England's Monetary Policy Committee is about to embark on its most radical shake-up since it was set up five years ago. Five of its nine members - including the Governor and his two deputies - will either be replaced or have their…

Bank's inner circle and its Outer Mongolia

FEATURE - The Bank of England is the City's Kremlin. From time to time figures appear on the balcony above its windowless walls, and the watchers must try to calculate whose stock is up and who has been posted to Outer Mongolia. There is no doubt that…

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