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Home > Research


The Bank aims to conduct cutting-edge research and analysis at the intersection of monetary, macroprudential and microprudential policy.
Outstanding research and analysis underpins everything we do – from policymaking, to the design of central bank operations and tools, to providing high-quality, secure bank notes.
To produce the best research and analysis possible, the Bank relies on high quality data and advanced analytical tools, a sharp focus on staff recruitment and development, an environment that supports creative freedom, and extensive engagement with wider research communities.

The Bank of England has a coordinated One Bank Research Agenda, spanning all aspects of central banking and focussing in particular on the intersections between policy areas. More » 

​The Bank’s commitment to openness and transparency includes providing support for staff to voice their own views – in order to promote the diversity of our research and to stimulate debate. Two such vehicles are Staff Working Papers and our staff blog – Bank Underground. More »

​The Bank aims to generate an environment that stimulates challenge and debate.  A key way of achieving this is through high-quality conferences and smaller workshops, collaborating with leading institutions to debate some of the most important questions facing central banks. More »

Enternal Engagement
Making progress on such a broad agenda requires input from the wider community of academics, policy makers and experts, both within economics and finance and from disciplines well beyond. A key objective of publishing the Bank’s research questions is to listen to, learn from, and collaborate with external contributors. More »

The One Bank Flagship Seminars are a series of presentations by high-profile speakers, drawn in the main from disciplines outside of economics and finance. Within their talks, they present their work and ideas, drawing out the relevance for central banks, the economy and the financial system.
More »

One way in which the Bank actively engages with the academics and wider research community is through our regular seminar series, which take place weekly on a variety of research and policy topics. More »

A principal objective of any central bank is to safeguard the value of the currency in terms of what it will purchase. Rising prices – inflation – reduces the value of money. Monetary policy is directed to achieving this objective and providing a framework for non-inflationary economic growth. As in most other developed countries, monetary policy usually operates in the UK through influencing the price of money – the interest rate. However, in March 2009 the Bank's Monetary Policy Committee announced that in addition to setting Bank Rate, it would start to inject money directly into the economy by purchasing assets - often known as quantitative easing. This means that the instrument of monetary policy shifts towards the quantity of money provided rather than its price.

Low inflation is not an end in itself. It is however an important factor in helping to encourage long-term stability in the economy. Price stability is a precondition for achieving a wider economic goal of sustainable growth and employment. High inflation can be damaging to the functioning of the economy. Low inflation can help to foster sustainable long-term economic growth. Hide