31,687 research outputs found
Bank of England annual report 2003
No full textTitle from coverAvailable from British Library Document Supply Centre- DSC:1113. 114806(2003) / BLDSC - British Library Document Supply CentreSIGLEGBUnited Kingdo
Weekly Purchases of Gilts in the Bank of England\u27s Asset Purchase Facility Operations (in Sterling Millions)
No full textSelect: D. Public sector debt and money markets operations etc. (including reserves) \u3e Bank of England Asset Purchase Facility \u3e Gilts \u3e Weekly purchases - YWWB9T
Collateral risk management at the Bank of England
Get PDFIn response to the financial crisis the Bank of England has expanded the range of collateral accepted in its market operations to include private sector assets, notably asset-backed securities and covered bonds. Such assets have different risk characteristics to the forms of collateral previously accepted, presenting new risk management challenges. This article sets out how the Bank of England undertakes collateral risk management, highlighting in particular the significant degree of protection taken by the Bank in its operations.
Monetary Policy Transparency and Uncertainty: A Comparison between the Bank of England and the Bundesbank/ECB
Get PDFIt is widely believed that institutional arrangements influence the quality of monetary policy outcomes. Judged on its ‘transparency’ characteristics, therefore the Bank of England should do better than the Bundesbank/ECB. We show that this is not confirmed by agents’ ability to anticipate central bank decisions. Furthermore, benefits from transparency should also show in a narrowing of the diversity in cross sectional forecasts. We show that the diversity in interest rate forecasts is no greater under the Bundesbank/ECB than the Bank of England. This suggests that other factors than ‘transparency’ may affect interest rate uncertainty. Increasing difficulty in forecasting inflation appears to play a part in the UK while being less of a problem in Germany.transparency, yield curve, forecasting uncertainty, Bank of England, Bundesbank/ ECB
Uncertainty and disagreement in economic prediction: the Bank of England Survey of External Forecasters
Get PDFThis article introduces a new source of survey data, namely the Bank of England Survey of External Forecasters. The survey collects point and density forecasts of inflation and GDP growth, and hence offers the opportunity of constructing direct measures of uncertainty. We present a simple statistical framework in which to define and interrelate measures of uncertainty and disagreement. The resulting measures are compared with other direct measures of uncertainty, nationally and internationally. A significant, sustained reduction in inflation uncertainty followed the 1997 granting of operational independence to the Bank of England to pursue a monetary policy of inflation targeting
Quantity of Assets Purchased by the Creation of Central Bank Reserves on a Settled Basis (in Sterling Millions)
No full textD. Public sector debt and money markets operations etc (including reserves) \u3e Bank of England Asset Purchase Facility \u3e Quantity of asset purchased by the creation of central bank reserves - YWWB9R9 - Weekly (Wed
Tranfer of British government bank accounts from Bank of England to the Federal Reserve Bank of New York
No full textTranfer of British government bank accounts in the Bank of England to the Federal Reserve Bank of New York. Accounts are dollar and gold accounts
Monetary Policy Uncertainty: Is There a Difference Between Bank of England and the Bundesbank/ECB?
Get PDFIt is widely believed that institutional arrangements influence the quality of monetary policy outcomes. Judged on its ‘transparency’ characteristics, therefore the Bank of England should do better than both the Bundesbank and ECB. However, studies based on market evidence show that on average, agents anticipate policy moves by both banks equally well. Since benefits from transparency should also show in a narrowing of the diversity in cross sectional forecasts, this paper extends the existing literature in an attempt to reconcile the contradictory evidence on ‘transparency’ of both banks. We show that the diversity in interest rate forecasts is greater under the Bundesbank/ECB than the Bank of England. Other factors than ‘transparency’ do not seem to affect interest rate uncertainty in Germany. Increasing difficulty in forecasting inflation appears to explain in part UK interest rate forecast dispersion.transparency, yield curve, forecasting uncertainty, Bank of England, Bundesbank, ECB
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