The strategic priorities endorsed by Court for 2009/10 are:

Strategic priority 1. Return inflation to the 2% target, and keep it on track to meet the target, while sustaining support for the monetary policy framework.

• Enhance the contribution of the forecast process.
• Deepen analysis of monetary data.
• Review MPC communications.
• Improve efficiency of data handling and anlaysis.
• Enhance monitoring of bank lending and work with Government to ensure lending is adequate.

Strategic priority 2. Enhance the sterling monetary framework to enable the Bank to provide liquidity to the system in normal and stressed conditions.

• Implement revised 'Red Book' for market operations.
• Implement the Asset Purchase Facility.
• Manage the operational and collateral management risks in the Bank's expanded market operations.

Strategic priority 3. Discharge the Bank's enhanced role for financial stability.

• Ensure the Bank is equipped to implement the Special Resolution Regime.
• Strengthen communication on financial stability.
• Enhance the Bank's oversight of payment systems.
• Play a full role in the management of the financial crisis together with the FSA and HM Treasury.
• Integrate analysis of individual institutions and systemic risk, without becoming a shadow supervisor.

Strategic priority 4. Strengthen co-operation and communication between central banks.

• Improve design of liquidity and capital regulation.
• Contribute to the G20 debate on reform of the international system, under United Kingdom's chairmanship.

Strategic priority 5. Deliver efficient and effective notes issuance and banking services.

• Continue to implement the customer banking strategy.
• Ensure public demand for banknotes is met - particularly for the £5 note.

Strategic priority 6. Enhance public understanding of the Bank's role through development

• Implement a revised public communications strategy.
• Enhance regular engagement with financial sector.

Strategic priority 7. Increase accountability and efficiency across the organisation.

• Implement the new governance arrangements for the Bank.
• Strengthen the system of performance measurement.
• Improve the partnership between central services and business areas.
• Improve talent management in the Bank.
• Use IT to improve information sharing.

More details can be found in the Bank's Annual Report
(see links below).

Key Resources

	More information on the Bank's priorities for 2009/10 Download PDF (77k)
	Review of the Bank's priorities for 2008/09 Download PDF (2.4Mb)