United Kingdom
Speech by Kate Barker of the Bank of England
SPEECH - Speech by Kate Barker, Member of the Monetary Policy Committee of the Bank of England delivered at the Royal Bank of Scotland/ Scottish Economic Society Annual Lecture, Edinburgh on 23 October.
Fourth Bank member alludes to rate cut
UK - Kate Barker last night became the fourth member of the Bank of England's monetary policy committee in a week to hint at approval for future interest rate cuts. Her hint came in a speech to bankers and economists in Edinburgh.
Euro campaigners point to inward investment fall
UK - Pro-euro campaigners yesterday claimed that exclusion from the single currency was beginning to hit the economy, with the news that Britain's share of European inward investment projects had fallen sharply to 21 per cent in the first half of this…
FSA 'self-critical' of role in Equitable
UK - An internal investigation by the Financial Services Authority has sharply criticised its own role in the Equitable Life debacle.
Bonds outperform T-notes on ECB monthly report
UK - Bonds marginally outperform T-notes with the 10-year yield spread narrowing to 1 bps as euro debt laps up the ECB's monthly report which highlighted an economic rebound in Europe could be delayed by 11 September attacks on U.S. cities.
Speech by David Clementi of the Bank of England
SPEECH - Speech by David Clementi, Deputy Governor of the Bank of England at the APCIMS Annual Conference in London on 19 October.
BoE's Clementi says "clear downside risk" to rates
UK - Bank of England deputy governor David Clementi said on Friday there were "clear downside risks" to UK interest rates due to the slowing world economy, made worse by September's attacks on the United States.
Financial regulator rejects Tory call for probe
UK - The City regulator has rejected Conservative calls for an investigation of the government's role in the collapse of Railtrack, and told MPs if impropriety were proven it would be up to the government to prosecute itself.
Speech by Eddie George, Bank of England Governor
SPEECH - Speech by the Governor of the Bank of England, Sir Edward George, at the Welsh Development Agency/Bank of England Dinner, Brangwyn Hall, Swansea on 16 October.
Minutes of Bank of England MPC meeting 3-4 October
MINUTES - The Bank of England has published the minutes from its Monetary Policy Committee meeting held on 3 and 4 October.
Minutes of Bank of England special MPC meeting
MINUTES - The Bank of England has published the minutes from its special Monetary Policy Committee meeting held on 18 September.
B of E's George predicts 3-year downturn
UK - Sir Edward George hinted last night in a speech that he would back further cuts in interest rates and warned the global economic slowdown could last for three more years.
EU candidates told not to focus only on inflation
UK - Central banks in countries seeking to join the European Union should ensure that their battle against inflation doesn't harm economic growth, a senior official at the European Central Bank said.
BOE Oct minutes: MPC voted 8-1 to cut repo rate
UK - The Bank of England's Monetary Policy Committee voted 8-1 to cut the repo rate by a quarter percentage point to 4.5% in October, just weeks after it had cut rates by an equal amount in a 7-2 vote, according to minutes of those meetings released…
Discussion paper from the Bank of England
RESEARCH - Bank of England External MPC Unit Discussion Paper No.6 by Nicoletta Batini and Edward Nelson, October 2001, Friedman Revisited.
Discussion paper from the Bank of England
RESEARCH - Bank of England External MPC Unit Discussion Paper No.5 by Bennett T. McCallum and Edward Nelson, October 2001, Monetary Policy for an Open Economy.
Sharp fall in UK inflation revealed
UK - The headline rate of UK inflation, which includes mortgage interest payments, fell last month by 0.4 of a percentage point to 1.7%.
Prime candidate for Bank of England hot seat
ARTICLE - In all the turmoil over a momentous weekend, a valuable contribution to City gossip is in danger of being overlooked. The esteemed City chronicler, Christopher Fildes, reminded us in his Spectator column last week that the next big job vacancy…
Speech by David Clementi of the Bank of England
SPEECH - Deputy Governor of the Bank of England David Clementi spoke at the launch of the Oxford Centre for Computational Finance, University of Oxford, 10 October.
BoE's Clementi makes no comment on future of rates
UK - Bank of England Deputy Governor David Clementi used a speech on Wednesday 10 October to discuss the international financial system, confounding rumours that he planned to signal the Bank would not cut interest rates again.
Fed best at policy communication? Not necessarily
UK - If you thought the U.S. Federal Reserve was the paradigm of central bank transparency while the European Central Bank struggled to communicate policy, think again. This comes from a recent report entitled "How Do Central Banks Talk?" published by…
UK accused of being 'money launderers' paradise'
UK - Britain still offers a safe haven for terrorist money and the authorities are doing virtually nothing about it, according to a damning report by a French MP.
B of E says For Ex turnover down in last 3 years
UK - Average daily spot and forward foreign exchange transactions in London are worth $504 billion a day, down 21% from $637 billion a day in 1998, the Bank of England said Tuesday 9 October.
Bank of England governor positive on UK prospects
UK - Sir Edward George, the governor of the Bank of England, believes the 11 September attacks on the US have not had a great effect on Britain's domestic economy and he has suggested they may have only a short-term effect on the world economy.