Letter from Andrew Bailey 'The Bank’s policies on reserve accounts and Quantitative Tightening.'
Letter to Richard Tice MP
Financial institutions
Bank of England renews its commitment to adhere to the FX Global Code
The Bank of England (BoE) has renewed the Statement of Commitment to the FX Global Code (‘Code’) based on the revised Code dated December 2024
Asset Purchase Facility: Gilt Sales – Market Notice 20 June 2025
This Market Notice sets out the schedule for sales in Q3 2025 of gilts held in the Asset Purchase Facility (APF) for monetary policy purposes.
Minutes of the Meeting of the Court of Directors held on 10 April 2025
The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.
Liquidity conditions and monetary policy operations from 5 February to 22 April 2025
This box describes the Eurosystem liquidity conditions and monetary policy operations in the first and second reserve maintenance periods of 2025, from 5 February to 22 April 2025.
The outlook for euro area business investment – findings from an ECB survey of large firms
This box summarises the findings of a recent ECB survey of leading non-financial companies on the outlook for business investment. The responding firms anticipate more subdued euro area investment growth over the next three years but increasing investment in other advanced economies and emerging markets. The responses suggest that, among major recent developments, technological change is the most important factor influencing investment strategies.
US trade policies and the activity of US multinational enterprises in the euro area
This box provides an overview of how US multinational enterprises (MNEs) shape euro area trade patterns. It focuses particularly on trade with the United States in the light of ongoing trade tensions and their potential impact. MNEs based in the United States contribute substantially to euro area economic activity. In particular, these companies shape euro area trade in goods with the United States via substantial exports of pharmaceutical products, intragroup trade and contract manufacturing.
Advancing the capital markets union in Europe: a roadmap for harmonising securities post-trading
Harmonising European post-trade activities is essential for bolstering capital markets and better serving European citizens and companies. Progress is required in both enhancing the current landscape and developing digital solutions. This article concentrates on the present post-trade environment, with a particular focus on non-harmonised elements, particularly in securities settlement, collateral management and asset servicing.
Where do we stand with inflationary pressures arising from price resetting?
Euro area services inflation has been persistent owing to a combination of factors, including a delayed response of some services prices to past shocks. This, in part, reflects staggered price setting, as the price changes of a large share of the services basket take place in just one or two months of the year. This box identifies the services items with such pricing patterns and shows that the inflation rate of services items with an annual repricing pattern responded to the past inflationary shocks with some lag.
Exchange of letters between the Governor and the Chancellor regarding CPI Inflation - June 2025
Exchange of letters between the Governor and the Chancellor
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