Bank of England (BoE)
Banknotes: July to September 2023
A round-up of news and salient issues that have affected central bankers in the past three months
People: July to September 2023
A round-up of central bankers in the news and on the move during the past three months
BoE study recommends ‘simple and flexible’ CBDC infrastructure
Central bank needs to be wary of firms wielding too much market power, author says
BoE researchers call for more advanced stress-testing techniques
Survey finds “great strides” in modelling but calls for greater complexity and feedback loops
UK debt risks likely to stay below historical peaks – BoE analysis
But firms are increasingly vulnerable to rising interest rates, economists find
BoE prepares to supervise wholesale cash distribution
Law change grants central bank powers to intervene in cash distribution network
BoE’s RTGS system goes down for nearly six hours
Database problem prevented high-value payment system from opening at usual time
BoE paper analyses banks’ forecasting accuracy
Banks with better governance, including more senior women, make better predictions, authors find
BoE enters new phase of data transformation project
Team is now developing options to address challenges identified in phase one
Time to pay policy-makers based on their performance
The remuneration framework for central bankers needs reform amid failures to hit inflation targets, argues David Bholat
BoE raises rate 25bp as ‘mixed’ data clouds outlook
“I don’t think it is time to declare it is all over,” Bailey says
Bernanke to lead BoE review of inflation forecasting
Former Federal Reserve chair will work with Bank of England officials
UK inflation falls to 7.9%
Drop exceeds Reuters poll prediction, but headline rate still almost four times target
BoE stress tests find banks resilient to interest rate risk
Credit impairments drive majority of losses, but all banks pass test
Currency round-up: New yen banknotes to arrive in July 2024
De La Rue outlook brightens; Egypt continues transition to polymer; and more
Inflation expectations unreliable guide to policy – BoE’s Tenreyro
Policy-makers would be “unwise” to use expectations as an intermediate target, MPC member says
BoE proposes ‘Solvency UK’ insurance reforms
Government overruled central bank on tightening a key element of the rules
Policy has not been tight long enough – governors
Hot labour markets boost wages and core inflation, making inflation persistent
A letter to Andrew Bailey
As the Bank of England struggles to bring inflation down, Jagjit Chadha warns the governor not to let markets take control
BoE makes surprise 50bp rate increase
Central bank to review modelling framework after repeated forecast errors
BoE policy-maker flags perils of ‘dynamic leverage’
Market participants need to fully understand the consequences of fund structures, says Jonathan Hall
BoE launches first ‘system-wide’ stress test
Analysis will assess how banks and non-banks interact to amplify shocks
More central clearing could have eased Covid shock – BoE paper
Efficiencies for dealer balance sheets could allow banks to play greater stabilising role, authors say
People: Israel appoints new chief supervisor
IDB appoints chief operating officer; IADI gets new head; and more