Bank of England

Monetary Policy in the UK has never been as expansionary as it is today. Just over 15months ago the level of Bank Rate was reduced to what is – to all intents anpurposes – its floor. As...

My Lord Mayor, Mr Chancellor, My Lords, Ladies and Gentlemen, May I join the Lord Mayor in welcoming you, Chancellor, to your first Mansion House Dinner? You have set a rapid pace in your first month...

The Realities and Relevance of Japan's Great RecessionIn a public lecture at the London School of Economics today, Adam Posen – external member of the Monetary Policy Committee and senior fellow...

(BOE) Minutes of Monetary Policy Committee Meeting on 4 and 5 February 2010       Publication date: 17 February 2010They are also available on the...

Bank of England Maintains Bank Rate at 0.5% and Maintains the Size of the Asset Purchase Programme at £200 Billion 4 February 2010: The Bank of England’s Monetary Policy Committee today...

OverviewMuch of the world economy remained in recession, with levels of activity in many countries significantly lower than a year ago. But there were more encouraging signs looking ahead. Financial...

The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of...

1 Before turning to its immediate policy decision, the Committee discussed financial market developments; the international economy; money, credit, demand and output; and supply, costs and...

1 Before turning to its immediate policy decision, the Committee discussed financial market developments; the international economy; money, credit, demand and output; and costs and prices. Financial...

OverviewThe world economy remained in deep recession: output contracted further and international trade fell precipitously. The global banking and financial system remained fragile despite further...