United Kingdom
The race to adopt ISO 20022 payments messaging
Some jurisdictions do not plan to adopt the protocol, while others are preparing for a disjointed implementation
BoE launches teaching resources for secondary school students
Few UK students study economics before age of 16 and schools are not required to teach finance
Gilt market shock ‘far exceeded’ historical price moves – BoE’s Cunliffe
“It might not be reasonable” to expect funds to insure against all extreme outcomes, deputy says
BoE emergency bond purchases drop to zero
Central bank had offered to buy £5 billion per day, but actual purchases have been much smaller
Charles III coins will circulate by end of year, says UK mint
New king will appear on 50 pence coin and commemorative issue
BoE becomes reluctant market-maker of last resort
Gilt market turmoil has again forced the BoE to intervene. Is there a better way?
Quantitative tightening: missed opportunities
Treasuries and central banks must think harder about balance sheet policies, says Philip Turner
BoE to buy bonds on ‘whatever scale is necessary’
Turmoil in gilt markets forces pension funds to dump assets to meet margin calls
IMF warns UK government as pound resumes fall
BoE’s Huw Pill signals need for “significant monetary policy response” to government spending plan
King Charles to appear on Bank of England notes from 2024
Other Commonwealth central banks have made little comment on changeover
BoE ‘monitoring developments’ amid market ructions
Many analysts had predicted early policy action from the central bank
BoE hikes rates 50bp as fiscal policy increases uncertainty
Divided MPC approves rate increase, but several members call for more aggressive hike
Economy’s ‘first responders’ now in the line of fire
Forceful but late interventions to combat inflation raise the risk of central bank overreactions
UK inflation dips below 10%
Lower fuel costs bring down headline figure, but underlying inflation remains strong
BoE to act as lender of last resort to UK energy firms
Move aims to counter high collateral demand, given energy market volatility
BoE policy-makers debate more aggressive tightening
New government and “extreme volatility” in energy markets complicate outlook
BoE’s Mann presents ‘nuanced’ version of Phillips curve
Drift in medium-term inflation expectations requires more forceful action, policy-maker says
BoE paper analyses drivers of price setting
Panel data on UK firms reveals asymmetry in how firms decide to raise prices
Gontareva on Ukraine’s funding, NBU policy and reconstruction
Former NBU governor Valeria Gontareva speaks about donor funding shortfalls, NBU policy and financial stability challenges, Nabuillina and the seizing of Russian assets, and post-conflict rebuilding and modernisation
The case for restoring the role of monetary aggregates
Tim Congdon argues that a surge in money supply in response to Covid-19 sparked heightened inflation and central banks need to refocus their attention on monetary aggregates
UK’s possible next prime minister promises BoE mandate change
Liz Truss says situation now “very different” to when central bank’s mandate was laid down in 1997
BoE accelerates tightening as inflation expected to hit 13%
“Enormous” external shocks to blame for large changes in forecasts, officials say
People: UK names veteran banker as chairman of BoE court
Appointments in Nicaragua, Cape Verde and Central African currency zone
UK government proposes ‘competitiveness’ mandate for BoE
Measure proposed despite IMF warning that it could clash with financial stability mandate