The powerful pound: sterling strength should not distract the Bank of England from its real task

Article Abstract:

The strong performance of the sterling pound should not divert the Bank of England from its objective of determining interest rates by considering inflation. The Bank of England must not let the pound's effect on exporters and unemployment affect the bank's monetary policies. The pound went beyond an exchange rate of DM3.00 and reached nearly $1.70 between mid-1996 and mid-1997, representing a 24% increase based on trade-weighted measure.

Administration of General Economic Programs, Other General Government Support, Coinage & Currency, Economic Planning & Research, Economic aspects, Economic conditions, Money, Pound (United Kingdom)

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Financial regulation: old lady, new problems

Article Abstract:

The demise of British merchant bank Barings is being blamed on the problems of the Bank of England and its fellow financial regulators. The Bank of England has agreed to follow the suggestions of financial consultant Arthur Anderson to help it become a better regulator.

Laws, regulations and rules, Powers and duties, Independent regulatory commissions

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How high?

Article Abstract:

The Bank of England hiked the base rate by a quarter of a point to 6.75%, which is more modest than the half point increase that many economists predicted. A growing number of economists believe that more drastic increases will be needed to reign in consumer spending.

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