Bank of England

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

1 Before turning to its immediate policy decision, and against the background of its latest projections for output and inflation, the Committee discussed developments in financial markets; the...

OverviewIn the United Kingdom, output growth moderated and surveys point to further easing. Indicators of household spending were mixed, while the investment climate worsened. International prospects...

Management and governance1. What reforms of the Bank of England have you instituted during your first term as Governor and what has been the purpose of those reforms?When I became Governor, I...

1 The Committee noted a letter from the Chancellor (attached as an annex) setting out the remit for the Committee over the following year, in accordance with Section 12 of the Bank of England Act....

The Bank of England is today launching a scheme to allow banks to swap temporarily their high quality mortgage-backed and other securities for UK Treasury Bills.With markets for many securities...

The Bank of England's Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5.0%.CPI inflation rose to 2.5% in February....

MERVYN KING, GOVERNOR OF THE BANK OF ENGLANDChairman, the past week has seen significant volatility in financial markets, a further sharp cut in interest rates in the United States and, at home, the...

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...

Since the co-ordinated actions taken in December 2007, the G-10 central banks have continued to work together closely and to consult regularly on liquidity pressures in funding markets. Pressures in...