Daily Archives: November 2, 2012

Claire Jones

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

MPC/ ECB votes

Will the Bank of England’s Monetary Policy Committee opt for more quantitative easing on Thursday? Most now think more money printing is unlikely. Read more

Bank of England©Getty

Excessive deference and hierarchy are damaging the Bank of England’s effectiveness, according to three independent reviews that criticise the central bank’s culture.

The reviews into operations during the financial crisis found that officials in Threadneedle Street had learnt “rapidly” and handled the crisis “effectively”, but were also critical of the cental bank’s governance culture.

 Read more

Claire Jones

Frequent readers of Money Supply will be aware of FT economics editor Chris Giles’ frustration with the Bank of England’s secrecy.

Chris has often criticised the Bank for its reluctance to provide more information to accompany the publication of the Inflation Report’s fan charts, which represent the Monetary Policy Committee’s views on where inflation and growth are heading and provide an important signal on the direction of policy. Read more