Bank of England (BOE)

BoE pauses in September in response to softening inflation


BoE’s Mann: I would rather err on the side of over-tightening

Catherine Mann, member of the Bank of England’s Monetary Policy Committee, said on Monday that overtightening is easier to fix than not moving interest rates. She added that underestimating the persistence of inflation will lead to overshoot. Mann delivered a speech at the Canadian Association for Business Economics. She explained that the idea that 3% inflation is close enough can not be the guide for the BoE.

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Big Picture

What is the BOE?

Founded in 1694, the Bank of England (BoE) is the central bank of the United Kingdom. Sometimes known as the ‘Old Lady’ of Threadneedle Street, the Bank’s mission is "to promote the good of the people of the United Kingdom by maintaining monetary and financial stability".

The Bank of England is responsible for keeping the UK’s economy on the right track. They operate monetary policy by moving Bank Rate up and down and, in certain circumstances, we also supplement this with measures such as quantitative easing.

The official website, on Twitter and YouTube

Who is BOE's president?

Andrew Bailey is Governor of the BoE and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Prudential Regulation Committee. The Governor joined the Bank on 16 March 2020. His appointment as Governor was approved by Her Majesty the Queen.


Bailey on his profile and Wikipedia

Interest rates latest news

The World Interest Rates Table

The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.