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 report back monthly 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 business support services and universities. Part of the role is also to represent the Bank and explain its work and policies. At present the Bank has a network of twelve Agencies covering the entire United Kingdom.
Published on
22 April 2002
Press release