Monetary Policy Summary, May 2025 The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term and forward-looking approach to determine …
Introduction Digital money and digital assets sit at the core of central banking. We regulate Financial Market Infrastructures (FMIs). We consider the broader implications for financial stability from new technology. And we have the unique position of …
Minutes Item 1: Introductory Remarks The Chair opened the meeting and welcomed the members and observers. Item 2: Diversity, Equity & Inclusion Members discussed the benefits of the embedded practices around DE&I, which support a diverse workforce …
Good morning and thank you for the invitation to speak today. As attendees at this conference, you will be well aware that the flow of bulk purchase annuity (BPA) deals is at near record levels and has been widely forecast to remain high. Although the …
Good morning. Ten years ago, the Bank of England publicly warned that climate change presented a new type of challenge for the financial system.footnote [1] Both the physical and the transition risks we identified at the time are a decade advanced and pose …
News release Partnership to offer teacher training programme to increase access to economics in state schools. Launch coincides with new research showing how participation in economics at school and university is highly uneven with big variations by gender …
Thank you for inviting me to speak at the Innovate Finance Global Summit 2025. At the Bank of England, we have challenged ourselves to continue to be ambitious in how we are supporting innovation in the wholesale payments space, both as an infrastructure …
By Nikoleta Anesti, Vania Esady and Matthew Naylor We construct a novel data set to investigate the sensitivity of household inflation expectations to personal experienced inflation, testing whether households weigh price changes differently across items …
Executive summary The Bank of England’s (Bank’s) 2025 Stress Test of UK Central Counterparties (CCPs) is the Bank’s fourth such exercise. The Bank conducts regular stress tests of UK CCPs in order to assess their financial resilience, and to promote …
Present: David Roberts, Chair Andrew Bailey, Governor Sir Dave Ramsden, Deputy Governor – Markets & Banking Sabine Chalmers Lord Jitesh Gadhia Anne Glover Sir Ron Kalifa Diana Noble Tom Shropshire In attendance: Ben Stimson, Chief Operating Officer …
This publication contains the 2025 external minimum requirements for own funds and eligible liabilities (MRELs) for all firms with a resolution entity incorporated in the UK for which an MREL above minimum capital requirements (MCR) has been communicated. …
Minutes Date of meeting: 19 March 2025 Item 1: Welcome and actions The Chair welcomed members and provided an overview of the agenda for the meeting. The Chair also introduced Nuala Jackson from UK Finance, who will be joining the Panel as an observer. …
Minutes Date of meeting: 11 December 2024 Item 1: Welcome and actions The Chair welcomed members and provided an overview of the agenda for the meeting. The Chair informed the panel that Mike Walters had shared their intention to step down from SAP. The …
Minutes Item 1 – Welcome The Chair thanked members for attending and confirmed that the Minutes of the December 2025 meeting had been published on the Bank’s website.footnote [1] The Chair welcomed Cristiano Guidi to his first meeting as a new member of …
This annex provides further details of the questions referred to in the main text. Terminology and general definitions The following terms are used within the report: Cost – the cost to the issuing bank of raising money via the specified form of funding. …
On 8 April 2025, the PRA (Prudential Regulation Authority) offered a modification by consent that would allow certain third country covered bonds under Article 11(1)(d) of the Liquidity Coverage Ratio (CRR) Part of the PRA Rulebook to be included in Level …
The Regulatory Initiatives Forum Grid (the ‘Grid’) is a biannual publication that sets out the regulatory pipeline. It enables the financial services industry and other stakeholders to understand – and plan for – the timing of the initiatives that may have …
Background In February 2023, the Bank of England (the Bank) published a Technology Working Paper, which accompanied the Bank and HM Treasury’s joint Consultation Paper on the digital pound. The Bank and HM Treasury confirmed in January 2024 that further …
An overview of the Bank’s initial thinking and work on the potential roles and responsibilities of digital pound intermediaries and a preliminary conceptual framework for a digital pound rulebook (or similar document) aimed at facilitating the proper …
The Bank set out the schedule for sales in Q2 2025 of gilts held in the APF for monetary policy purposes in the 21 March 2025 Market Notice. In light of recent market volatility, the Bank will amend this schedule, and auction short maturity bonds on 14 …
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