Bank of England (BoE)
Low inflation may erode bank's credibility
SPEECH - The Bank of England's credibility could be at risk if it continues to undershoot its 2.5 per cent inflation target for more than another two years, according to a member of the bank's Monetary Policy Committee.
UK General Election - Conservative pledges
UK - The UK Conservative party have published their manifesto. In it they spell out what they would do if elected to government in the general election to be held on 7 June. Michael Portillo,the shadow chancellor of the exchequer, sets out their policies.
UK General Election - Labour pledges
UK - The UK Labour party published its election manifesto on 15 May. They review their changes made to the Bank of England and describe their policy on the single european currency, the euro.
Speech by Clifford Smout of the Bank of England
SPEECH - Speech by Clifford Smout, Head of Foreign Exchange Division at the Bank of England at the 'Euromoney' Forex Forum on 16 May 2001. Foreign Exchange as a Business in the 21st Century.
HM government gold auction result
UK - The Bank of England announces that the gold on offer (approximately 20 tonnes or 643, 200 ounces) has been allotted in full at a price of $268.00 per ounce.
Bank of England lowers base rate
UK - The Bank of England announced at 12pm on May 10 that the UK's main interest rate measure, the repo rate, would be reduced by 0.25% to 5.25%.
ECB cuts interest rates by 0.5%
Summary - The European Central Bank (ECB) has made a surprise cut in its key interest rate reducing it by a quarter point to 4.5%.
Bank of England revamps its web site
UK - The Bank of England has transformed its online presence with a complete makeover to its external website and details on the Centre for Central Banking Studies handbooks.
Financial Stability and Central Banks
BOOK - This book is published by the Bank of England and includes papers presented at the banks 7th annual Central Bank governors' symposium in June 2000. The 2000 symposium considered financial stability and the role of central banks.
Sir Eddie George at the University of Zurich
SPEECH - The Governor of the Bank of England, Sir Eddie George, gave a speech at the Swiss Institute of International Studies, University of Zurich on May 7.
UK poised for rate reduction
UK - The Bank of England faces pressure to cut interest rates tomorrow, May 9, as it begins its monthly two day meeting.
Bank must cut rates to avoid slump
UK - Britain faced warnings to cut interest rates to head off the risk of economic slowdown.
Rate cut doubt after new data published
UK - Buoyant UK consumer data released on May 2 has added to the interest rate dilemma faced by the Bank of England.
Parliament committee grills new policy adviser
LONDON - Kate Barker, due to join the Bank of England's Monetary Policy Committee (MPC) in June, testified before parliament's Treasury Select Committee on May 1.
BoE's George 'Surprised' By Weak 1Q GDP Data
UK - Bank of England Governor Eddie George said Tuesday that he was caught off guard by the weakness of U.K. output during the first quarter of this year.
UK growth hit by global slowdown
UK - Fears of a sharp slowdown in the British economy have grown after official figures showed output was weaker than expected in the first three months of the year.
BoE MPC voted 6-3 to cut rates to 5.5%-minutes
UNITED KINGDOM - Six of the nine members of the Bank of England's Monetary Policy Committee voted to cut the repo rate to 5.5% from 5.75% during their last meeting on Apr. 4-5, according to minutes of that meeting released on Apr 18, 2001.
G-30 to meet in London on Thursday, Friday
UNITED KINGDOM - G-30 think tank of senior public and private sector financial representatives is set to meet for one of its bi-annual plenary sessions at the Bank of England from Apr 19-20.
Britain and EMU - the five economic tests
ARTICLE - GrahamBishop.com's latest publication on "Britain and Euroland" finds that the degree of divergence between Britain and key EU countries has already halved since the UK Treasury's 1997 assessment. So with a UK general election due in June 2001,…
Clementi-Basel Accord must avoid pro-cyclicality
UNITED KINGDOM - The world's banks and the financial system as a whole should make sure risk-sensitive capital requirements set out in the new Basel Accord don't aggravate cyclical economic downturns, Bank of England deputy governor David Clementi said…
Best practice-monitoring financial stability risks
CENTRAL BANK RESEARCH - The Bank for International Settlements has published a new book "Marrying the macro- and microprudential dimensions of financial stability" which is contributed to by senior central bankers from all round the world and looks at…
Business economist Barker appointed to BoE's MPC
UNITED KINGDOM - The UK Treasury said on Apr 5 that the chief economist at the Confederation of British Industry, Kate Barker, will replace DeAnne Julius on the Bank of England's Monetary Policy Committee from Jun 1, 2001.
Bank of England interest rate option study
CENTRAL BANK RESEARCH - In the first of a series of research papers published by the Centre for Central Banking Studies at the Bank of England, Richhild Moessner provides a survey of the structure and use of the over the counter options market focussing…
Bank of England cuts interest rates by 0.25%
UNITED KINGDOM - The Bank of England cut interest rates by another quarter point on Apr 5, 2001, bowing to pressure from tumbling stock markets and weakening economic data.