The Bank aims to conduct leading-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>>
On 25 February 2015, the Bank of England hosted a one day conference to support the launch of its One Bank Research Agenda. More>>
Research produced by Bank staff is published on the Bank’s website, in top academic journals and presented at international conferences. 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