Bank of England

Have your say on the UK economy. Join our forum and take part in our in-person Citizens’ Panel in Bristol. 📅 Monday 30 September, 5:45pm – 8pm. Register your interest by Tuesday 17 September. Sign up here: https://b-o-e.uk/3X46oJ8 All discussions are anonymous and the headlines of these are fed back to relevant teams within the Bank of England. Sign up to hear about future events in your area.

Tell us about your experience of the UK economy. Join our forum and take part in our in-person Citizens’ Panel in Glasgow. 📅 Monday 7 October, 5:45pm – 8pm. Register your interest by Tuesday 24 September. Register here: https://b-o-e.uk/3z6sJ0H All discussions are anonymous and the headlines of these are fed back to relevant teams within the Bank of England. Sign up to hear about future events in your area.

Central banks will increasingly need to understand the macroeconomic and price stability impact of climate change. The latest report from the Network for Greening the Financial System (NGFS) Workstream on Monetary Policy chaired by james talbot, Executive Director of the International Directorate at the Bank of England, explores the acute physical impacts from climate change on the macroeconomy and how monetary policy makers should take those into account. Read the full report here: https://lnkd.in/efeQVyN6

We have published a Financial Stability Paper on operational resilience in a macroprudential framework. Authored by Bank of England staff, it follows up on the Financial Policy Committee’s macroprudential approach to operational resilience published in March, and includes additional analysis and examples of how operational incidents could impact financial stability. Read our Financial Stability Paper in full here: https://b-o-e.uk/4g1wMMu

From early 2020, the Covid pandemic and then the war in Ukraine caused a surge in inflation around the globe. These events, and the nature of policymakers’ responses to each, have laid bare the challenges and trade-offs inherent in addressing both monetary policy and financial stability shocks. In this speech, Andrew Bailey reflects on recent times and discusses what we can learn in terms of our framework for assessing the extent to which inflation may be persistent, and how various types of shock might be dealt with in the future. Read Andrew's speech here: https://b-o-e.uk/3X0ASvL

King Charles III banknote auctions and ballot raised £914,127 for charity! Following the issuance of our new banknotes, Spink held charity auctions and a ballot for new low serial numbered banknotes. The proceeds will be shared between ten of our current and past charities of the year. Our 'charities of the year' are individual charities that we support, chosen by Bank colleagues. We highlight the work they do and help to raise funds for them. Find out more about our auction here: https://b-o-e.uk/3yDn6qC The Childhood Trust, The Trussell Trust, Shout UK, Carers UK, Demelza Charity, WWF-UK, Child Bereavement UK, Samaritans, The Brain Tumour Charity, London's Air Ambulance Charity

Since the global financial crisis of 2007–08, aggregate data suggests that nearly all of the £425 billion net increase in UK corporate debt has come from market-based finance (MBF). MBF can diversify funding sources and reduce the likelihood that funding becomes unavailable to corporates. But it can also introduce additional vulnerabilities. Crystallisation of risks in MBF markets could amplify economic shocks and disrupt the provision of finance to UK corporates. This article examines the different forms of MBF debt that companies use and the reasons they use them: https://b-o-e.uk/46yV2kJ

Welcome to our Industrial Placement students! This year we have 38 talented individuals that will work with us for the next 13 months. Are you keen to learn about what we do, and gain practical experience? Join us next year. Visit our website for more information: https://b-o-e.uk/3WBnTAf

Today the Bank of England has published the findings from its second assessment of the eight major UK banks’ preparations for resolution under the Resolvability Assessment Framework (RAF). Today’s findings provide further reassurance that a major UK bank could enter resolution safely if needed: remaining open and continuing to provide vital banking services to the economy, with shareholders and investors – not public funds – first in line to bear the costs of failure. Read the full findings here: https://b-o-e.uk/3SEeeHU

Today’s decision was finely balanced. We will need to make sure inflation stays low in the years to come. Despite overall inflation being at target, prices of some items are still rising quickly. Prices of services – for example hotels and restaurants, insurance and rents for housing – are still rising at rates well above their past averages. Furthermore, at the start of this year demand for goods and services in the economy has been stronger than we expected. If this stronger demand were to continue, this could lead to higher inflation. We need to put the period of high inflation firmly behind us. And we need to be careful not to cut rates too much or too quickly. We will consider whether or not to cut interest rates further at future meetings. The best contribution the Bank can make to support economic growth and people’s prosperity is by making sure we have low and stable inflation. https://lnkd.in/eY4-kn4k #MonetaryPolicyReport