Lesson 1 is that, “...in a crisis, central banks need to show flexibility”, as Charlie Bean describes the expansion of the Bank of England’s balance sheet in pursuit of both its financial and price stability objectives. Furthermore, the crisis has also prompted permanent changes in monetary frameworks such as the expansion by the Bank of England in the range of collateral it will accept in some operations.
Published on 12 July 2011
// News // Monetary Policy Committee (MPC)
Bank Rate maintained at 0.75% - September...
Bank Rate maintained at 0.75% - September 2019
// News // News release