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References in periodicals archive ?
Other proposed changes include reforming the Bank of England's mandate, which is currently to aim for 2% inflation.
But slumping growth would argue for an opposite tack, easing monetary policy or keeping it loose, forcing the Bank of England to weigh a "trade-off between stabilizing inflation on the one hand and output and employment on the other."
He added: "The survey indicates that the public are largely buying into the Bank of England's message that when interest rates eventually do start to rise, they will only increase gradually.
He said the papers also reveal the need for greater transparency and stronger governance over the Bank of England.
Yesterday's Bank of England survey confirmed lenders expect the number of super-stretch mortgages to come down in the next three months.
Records reveal that the Bank of International Settlements asked the Bank of England to move gold, then valued at PS5.6million, from a Czech account to a Reichsbank account in March 1939.
"Along with its central role in monetary policy, this Government has put the Bank of England back in charge of regulating our financial system so that we don't repeat the mistakes of the last decade.
The Bank of England is predicting that inflation will fall back towards the 2 percent target over the coming year as the British economy continues to flatline and last year's rise in sales tax drops out of the annual comparison.
FORMER University of Birmingham lecturer turned Bank of England governor Sir Mervyn King has been knighted by the Queen.
Global Banking News-February 17, 2011--Central bank of England warns on inflation(C)2011 ENPublishing -
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