The role of the Bank’s Agencies is to maintain contact with a wide range of businesses and institutions in their regions covering all sectors of the UK economy. They make a monthly report back to the Bank where the Monetary Policy Committee uses the information to help its understanding and assessment of current economic conditions. The Agencies are also involved with a wide range of business organisations such as the Chambers of Commerce and the regional CBI and they maintain close contact with regional TECs, Business Links, and universities. Part of the Agent’s role is also to represent the Bank and explain its work and policies. At present the Bank has a network of thirteen Agencies covering the entire United Kingdom.
Published on
16 February 2000
Press release