Latest articles
Monetary policymaking at the Bank of England in uncertain times
Published 17 October 2025
Monetary policymaking, whatever the underlying environment, is complex. There is no mechanical link between any particular form of analysis and the right policy decisions. It would be risky to rely overly on any single perspective or approach in making policy. That is why monetary policymaking at the Bank is being reshaped to give greater consideration to a wider range of economic perspectives and analytical inputs and to draw on careful expert judgement when interpreting those inputs. The economic environment will vary over time, and so the emphasis placed on different types of analysis for policymaking will in turn be flexible.
The changes to policymaking outlined in this article have already begun and will be supported by wider analysis, tools and models in the coming years.
Monetary policymaking at the Bank of England in uncertain times
Inflation targeting: considerations for central banks in Africa
Published 29 September 2025
As elsewhere in the world, countries in Africa have faced a sequence of large inflationary shocks in recent years.
Government debts, which were already on an upward trend, generally increased further, adding to the monetary policy challenge.
Against this challenging background of some countries in Africa have been considering – sometimes following IMF prompting – the adoption of a formal inflation targeting regime either to help get the inflation rate back down, or to maintain inflation at low levels.
This raises a number of questions about existing policy frameworks and the desirability and pressures for change.
Inflation targeting: considerations for central banks in Africa
Share your thoughts with us at QuarterlyBulletin@bankofengland.co.uk.