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Exchange of letters between the Governor and the Chancellor

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 Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year,

Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder

Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder

Published for the Treasury Select Committee hearing on 16 April 2024

In July 2023 the Court of the Bank of England announced that Dr Ben Bernanke would lead an independent review into the Bank’s forecasting and related processes during times of significant uncertainty. That

The Review provides a thorough assessment of the Bank’s current forecasting approach, and the relationship between the forecast, monetary policy decisions, and their communication.

The Working Group on Sterling Risk-Free Reference Rates, which is comprised of a diverse set of market participants, is working to assist in finalising the transition away from LIBOR.