Only two weeks left to register for our Peterborough Citizens' Panel, Wednesday 10 May 5.45pm: https://t.co/AZpjJE1s2b
Have your say on how the economic situation is affecting you. Registration closes 2 May.
There's 1 week left to use your paper £20 and £50 banknotes. All polymer notes carrying a portrait of Her Majesty Queen Elizabeth II can continue to be used as normal after 30 September. https://t.co/0wA5voBkiJ
@williamdowning1 @hpsady 2/ Monetary policy decisions take approx. 18-24 months to fully impact the UK economy, so we have to forecast. Given that we deal in systematic estimates of economic activity, if we see a recession coming we'll call it. But we are also attentive to the risks around this.
@williamdowning1 @hpsady 1/ A recession is defined as two quarters of negative GDP growth. Data estimates the UK economy experienced negative growth in Q2 2022, with monthly data releases since then following a similar trend.
Our latest Financial Stability Report sets out what we are doing to make sure the UK’s financial system stays strong. https://t.co/HrpZV9ufUm #FinancialStabilityReport
We want to hear from you. If you are aged 16-25 and have an interest in digital currencies, climate change, monetary policy or financial education take part in our survey. You can help shape the future of young people.
Take part now: https://t.co/T7t2uSCDAf
The Monetary Policy Committee voted by a majority of 5-4 to increase #BankRate to 0.5% and voted unanimously to begin to reduce the amount of quantitative easing. Find out more in our #MonetaryPolicyReport: https://t.co/UT5RX7qzHv
Have you got a question about money and the economy? Join Andrew Bailey at our #BoECitizensPanel online event on 8 November at 5 pm. This is your chance to have your say. It’s free and open to everyone. Sign up here: https://t.co/IcpSaRDMHj #TalkMoneyWeek
Published today, our latest Citizens' Panel report, focusing on the economic impact of Covid-19.
Ruth Marks, Chair of our Wales panel, states: "particularly striking is the unevenness of that impact, which risks further deepening existing levels of inequality".
Link below.
Our Citizens’ Panel members have shared their experiences of the economy over the last year. This includes the highs and lows of life during a pandemic. Read our panel Chairs’ independent report on what they told us: https://t.co/djjpzyaYgM
Financial Stability in Focus is our new series of reports that will take an in-depth look at financial stability.
The first one will examine the financial stability impact of the Covid pandemic on UK businesses. We will publish it tomorrow at 10.30am. https://t.co/9eEYvT7JNP
The Agencies latest take on current business conditions across the UK is now available to read here: https://t.co/Q9FM9vS6FL
Plenty to digest recently, everyone's input is much appreciated.
Alongside publication of the latest decision by the MPC is a summary of the Agencies take on current UK business conditions.
It is informed by the intelligence we gather from our contacts, so a big thanks to them for their ongoing support.
https://t.co/Q9FM9vS6FL
Latest monetary policy decision announced yesterday. No change in policy stance.
Also published, a summary of the MPC's discussion outlining the key economics conditions that informed their thinking.
Link in Tweet below for more details.
The Monetary Policy Committee voted unanimously to keep interest rates at 0.1% and by a majority of 7-2 to maintain the amount of quantitative easing at £895bn. https://t.co/vBNgvGdPT8 #BankRate
We’ve just announced that Huw Pill will be joining us as our new Chief Economist.
Huw comes from his current post at @HarvardHBS, prior to which he has held senior posts @GoldmanSachs and the @ecb
https://t.co/NilO8nZ0YH
Join us Thursday, 19 August, as we explore the #mosaics hidden within the @bankofengland. Curator Kirsty Parsons will reveal the hidden meanings of Boris Anrep's mosaic masterpiece in this free lunchtime talk. Register now! https://t.co/ZAXuOeWrSi #LunchtimeTalk#OnlineTalk
Ben Broadbent discusses mismatches between spending and supply, caused by the pandemic, in the UK and globally. He says developments in the labour market will be more important than the current strength of goods prices in assessing medium-term inflation. https://t.co/4h7tCNZWVW