Bank of England

EUROFI FINANCIAL FORUM: ‘DEVELOPING AN EU CROSS-BORDER CRISISThank you very much for inviting me to join you here today.It is terrific that the EU, and the Commission in particular, have been...

In March 2009 the Bank of England’s Monetary Policy Committee (the MPC) embarked on an ‘unconventional’ journey. Having cut Bank Rate to an historic all-time low of just half of one...

I am delighted to be giving this speech this evening here in the heart of Westminster and I am grateful to the British American Business Council for hosting this event and to RSM Tenon for sponsoring...

You do not need me to stand here in Dublin this morning and tell you what profoundly difficult economic times we are going through. As an elderly New York friend of mine enquired of me recently when I...

The Bank of England uses its balance sheet1 to support its core objectives of both monetary and financial stability. The financial crisis over the past three years has clearly placed more emphasis on...

Thank you for the invitation to speak this evening. I studied for my undergraduate degree in economics at what was then University College Cardiff in the mid 1980s. I had three wonderful years in...

REMARKS ON FINANCIAL REFORM My Lord Mayor, Ladies and Gentlemen. Can I thank you Lord Mayor on behalf of the Bank of England for inviting us to contribute to your regulatory Banquet. Adair and I...

President and CongressI want first to thank you for inviting me to address Congress. Members of your General Council have made a huge contribution to the Bank of England by serving on our board...

In the East, it is said: “One moment of patience may ward off great disaster One moment of impatience may ruin a whole life” [Chinese Proverb]In the West, it is said: “I often make...

This paper draws some lessons from the crisis for the future conduct of monetary policy.(1) We argue that while relatively low policy rates compared to past experience contributed to the growth in...