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e Bank of England is likely to start raising interest rates before the slack has completely gone due to the lagged e$ect that results from changing monetary policy.
Under the Bank of England Act 1998, as expected to be amended by the Financial Services Bill which is currently being considered by Parliament, the Governor of the Bank of England is appointed by Her Majesty the Queen on advice from the Prime Minister.
Inflation still looks set to fall below its target further ahead and today's figures support our view that we will see more QE from the Bank of England next month in an attempt to prevent this," said Vicky Redwood, chief U.
5 per cent, the Bank of England would increase the amount of money pumped into the economy from Au175 billion to Au225 billion.
This overshoot of the official target required the Bank of England to write explanatory letters to the Chancellor of the Exchequer.
The Bank of England has slashed British borrowing costs since October last year, when they stood at 5 per cent.
The Bank of England made an unprecedented move to deny the rumours that Halifax Bank of Scotland had turned to it for emergency funding.
The Bank of England yesterday moved to pump pounds 5 billion into frozen money markets to ease credit fears.
Mervyn King [left], current Governor of the Bank of England, and Norman Lamont, Chancellor of the Exchequer in 1992.
How did a Customs official tell the difference between a perfect forgery and the genuine Bank of England note?
For an institution that spent its first 40 years renting buildings designed for other purposes, the Bank of England has an enviable architectural reputation.
In June the Bank of England increased interest rates after receiving incorrect figures in a report from the Office of National Statistics.

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