Minutes Item 1 – Welcome The Chair thanked members for attending and confirmed that the Minutes of the December 2023 meeting had been published on the Bank’s website.footnote [1] The Chair welcomed new members and those who were attending as part of the …
This Market Notice sets out changes to collateral eligibility that the Bank is making to manage financial risks in residential mortgage collateral in the Sterling Monetary Framework (SMF). All changes set out in this Market Notice will become effective on …
The Bank of England’s approach to statutory notice decisions for use of its requirements powers This appendix contains the Bank of England’s policy on its approach to making statutory notice decisions for the use of its requirements powers under section …
The Prudential Regulation Authority (PRA) has fined Citigroup Global Markets Limited (CGML) £33,880,000 for failings in its trading systems and controls during the relevant period of investigation, being between 1 April 2018 and 31 May 2022. The Financial …
It is a great pleasure to be here at this event, hosted by the LSE’s Financial Markets Group in honour of Charles Goodhart. This evening, I am going to talk about central bank balance sheets and in particular the Bank of England’s balance sheet. An …
It’s a pleasure to be at CityWeek to discuss a topic that has the power to transform the financial services landscape and, with it, the way we think about financial stability risks. I have approached this subject with my two Bank of England hats on: as an …
Good afternoon. Thank you for inviting me to speak at City Week. It is a pleasure to be here today. While we are in wonderful surroundings that embody resilience and reveal the patina of time, this event is focused on the future of financial markets and …
Introduction and summary Good morning! Thank you for asking me here today. After thirteen years as a member of the MPC this is my thirty-eighth and last speech and I wanted to offer a few reflections from that experience. I will also say something about …
By Laura Alfaro, Saleem Bahaj, Robert Czech, Jonathon Hazell and Ioana Neamțu We introduce a framework to understand and quantify a form of liquidity risk that we dub Liquidity After Solvency Hedging or ‘LASH’ risk. Financial institutions take LASH risk …
News release The Bank of England is set to increase its presence in Leeds with further details announced today for an expanded and permanent presence in the city. The Bank is committing to a headcount of at least 500 staff to be based in Leeds by 2027, …
Consult Hyperionfootnote [2] developed this PoC to help us test digital pound payment initiation using existing POS hardware. We (the Bank and Consult Hyperion) used the following components to simulate in-store digital pound payments: POS devices, namely …
Many thanks for hosting me at Make UK. Given the interests of this group and the challenges I’m told some of you have faced with recruitment, I thought I would spend some time taking a deep-dive into recent UK labour market developments. Over the last 2-3 …
Overview This survey forms part of the Bank’s quantitative market intelligence gathering. It is formulated by Bank of England staff, and enhances policymakers’ understanding of market expectations. The questions involve topics that are widely discussed in …
Monetary Policy Summary The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 8 May 2024, the MPC voted by a majority …
The April DMP survey was conducted between 5 and 19 April and received 2,379 responses. Firms reported that their output prices rose by an average annual rate of 5.2% in the three months to April, down from 5.4% in the three months to March. Note that the …
Monetary Policy Summary, May 2024 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 8 May 2024, the MPC voted by a …
Good afternoon. My name is Jonathan Hall and I am an external member of the Financial Policy Committee (“FPC”) at the Bank of England. I am very happy to be here at the University of Exeter Business School, which is rightly proud of its role at the centre …
Good morning. And many thanks to the LIBF for inviting me to speak to you today. I’m going to take a risk and talk about something recently described in the press as a dull and tedious topic – likely to be of interest only to serious financial market …
Overview This report contains information on the Bank of England’s Asset Purchase Facility (APF) for 2024 Q1, describing operations from 1 January 2024 to 31 March 2024. It also contains information about how cash flows between the APF and HM Treasury (HMT …
Liz Oakes has been appointed and Carolyn Wilkins has been reappointed as external members of the Financial Policy Committee (FPC), the Chancellor of the Exchequer, Jeremy Hunt, has announced today. The Chancellor of the Exchequer, Jeremy Hunt, has …
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