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Home > Monetary Policy > The Bank's Agencies
 

The Bank's Agencies

View the interactive mapThe Bank has twelve Agencies based around the UK. Their primary role is to assess economic conditions affecting businesses in their area.

Each month the Agencies hold a series of discussions with individual businesses, organisations and groups to assess business conditions. The Agencies are the Bank's 'eyes and ears', providing information about trends and developments across the economy.

Each Agency provides a monthly assessment to the MPC about business conditions, helping the MPC form a view on the likely path of the economy and inflation.

As well as receiving information from the Bank's Agencies, members of the MPC make regular visits to different parts of the country. These regional visits provide MPC members with first-hand experience of developments in the economy, as well as offering an opportunity to explain their views and interest rate decisions.

 

 

Key Resources

 The Bank of England's Agencies (170KB)
A pamphlet outlining the key role of the Bank's Agencies in assessing economic conditions for business around the United Kingdom.

Agents' Special Surveys since the start of the financial crisis (70KB)
Quarterly Bulletin article by Thomas Belsham of the Bank’s Inflation Report and Bulletin Division, Simon Caunt of the Bank’s Agency for the North West and Iain Duff of the Bank’s Agency for Scotland.