Will the Bank follow the Fed?
Here is a prediction. Now the Federal Reserve has moved towards publishing explicit interest rate forecasts, the Bank of England will follow suit. Moreover, it will happen sometime after June 2013. The...
View ArticleHow does Mr Hildebrand’s pay compare?
Controversy over Philipp Hildebrand continues to rage. This from the FT’s Haig Simonian: The Swiss National Bank will pay its former chairman a full year’s salary of about SFr900,000 ($942,000), in...
View ArticleThe week ahead in central banking
Our week ahead email helps you track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe Volcker rule Daniel Tarullo, the governor tasked with the...
View ArticleLive blog: Financial Stability Report hearing
Hello and welcome to today’s live blog on the Treasury Select Committee’s hearing for the Bank of England’s Financial Stability Report. The governor will be giving evidence, as will executive director...
View ArticleThe week ahead in central banking
Our week ahead email helps you track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe FOMC meeting The Federal Open Market Committee meets on...
View ArticleThe week ahead in central banking
Our week ahead email helps you track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe ECB’s big bazooka Next week’s main event is, of course, the...
View ArticleMonetary policy and redistribution
For almost the entire time the Bank of England has enjoyed operational control of monetary policy, the redistributive effects of monetary policy have rarely hit the headlines. The public appeared to...
View ArticleECB’s bond buying is a game of two halves
According to the Maradona theory of monetary policy, as outlined by Sir Mervyn King, governor of the Bank of England, a central bank can let expectations that it will act – rather than actual action –...
View ArticleThe week ahead in central banking
Our week ahead email helps you to track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe The Federal Open Market Committee meets on Tuesday to set...
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King says there are no economic shortcuts
©EPA At ease: the BoE has put £375bn into the UK economy Two questions arise when the lacklustre performance of the UK economy is discussed: what more should be done? And what more can be done? Sir...
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Outgoing BoE governor cuffs banking’s miscreants
Getty Images If a close confidant had asked Sir Mervyn King, governor of the Bank of England, a year ago which City institutions he would like to take down a peg or two, the answer might well have...
View ArticleThe BoE’s Germanic tendency
At less charitable moments, I have described the Bank of England’s attitude towards “credit easing” as akin to belligerent buck-passing. By burying a 2009 agreement with government to buy private...
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UK inflation: up, up and away?
Listening to Wolfgang Schäuble, German finance minister, speak in London yesterday, he was genuinely shocked by Britain’s 4.5 per cent inflation rate in August. The Weimar Republic and the 1923...
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Live blog: Sir Mervyn takes questions from MPs
Mervyn King. Image by Bloomberg. Welcome to our live blog on Sir Mervyn King’s appearance at the Treasury Select Committee. The governor is joined by Charlie Bean, deputy governor for monetary policy....
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Rebalancing’s common currency
Sir Mervyn King never misses an opportunity to tell us of the need for the global economy to rebalance. And marking the release of the new £50 note, which features Matthew Boulton and James Watt,...
View ArticleSir Mervyn’s sympathy for the ECB
The governor of the Bank of England has often been critical of eurozone leaders, frequently condemning their failure to accept that the region’s sovereign debt crisis is one of solvency, not liquidity....
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Live blog: Sir Mervyn King at the Treasury committee
Sir Mervyn King. Image by Getty. Welcome to our live blog on Sir Mervyn King’s appearance at the Treasury select committee. The governor has been called before the committee to field questions on the...
View ArticleSystemic crisis spiral? BoJ backs Sir Mervyn
Last week, Sir Mervyn King added to the gloom by saying that the eurozone woes are creating a “spiral” characteristic of a systemic financial crisis. It would appear that the Bank of Japan is similarly...
View ArticleThe week ahead in central banking
Our week ahead email helps you track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe Draghi hearing ECB president Mario Draghi returns to Brussels...
View ArticleMr Draghi’s no-show
It appears that ECB president Mario Draghi had better things to do this afternoon than turn up for the European Systemic Risk Board’s press conference. As chair of the ESRB, Mr Draghi was widely...
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