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Bank of England Recent Policy Comments and Decisions

June 28 (Bloomberg) -- The following is a compilation of policy statements and decisions from the Bank of England’s Monetary Policy Committee and Deputy Governors.

June 26 -- Paul Tucker. Deputy Governor VENUE: Press conference in London

“It’s of course sensible for all households to look ahead and think about what may go wrong” if interest rates rise, Tucker said. “We as an institution are trying and will bring about an economic recovery.” Bloomberg story: {NXTW NSN MP00W76S972R <GO>} Bloomberg bio page: {BBDP 1522429 <GO>} -------------------------------------------------------------------------------- June 26 -- David Miles. Member Monetary Policy Committee VENUE: Speech in London

“I do not think we should be in any hurry in the U.K. to move the monetary policy dials back to more normal settings,” Miles said. “Indeed it might well be right for the next move in the U.K. to push them even further to give more support to demand.” Bloomberg story: {NXTW NSN MOYQ1X6VDKHX <GO>} Bloomberg bio page: {BBDP 3671737 <GO>} -------------------------------------------------------------------------------- June 25 -- Mervyn King. Governor VENUE: Testimony to the Treasury Select Committee in London

While recent data show that a U.K. recovery “is in sight,” it’s “too weak to be satisfactory,” King says “Clearly the level of interest rates and the scale of asset purchases will have to be unwound and we must return to more normal conditions at some point. That point is not today.” Bloomberg story: {NXTW NSN MOY3W46S973B <GO>} Bloomberg bio page: {BBDP 1495538 <GO>} -------------------------------------------------------------------------------- June 19 -- BoE Minutes Individual MPC voting history. Bloomberg story: {NXTW NSN MOMT4H0UQVI9 <GO>} -------------------------------------------------------------------------------- June 14 -- Ian McCafferty. Member Monetary Policy Committee VENUE: Speech in London

Were the pound to fall due to “concerns about the MPC’s commitment to price stability, resulting in an increase in inflation expectations, then I strongly believe that the case for accommodation would be much weaker.” Bloomberg story: {NXTW NSN MODN6K07SXKX <GO>} Bloomberg bio page: {BBDP 4216007 <GO>} -------------------------------------------------------------------------------- June 13 -- Paul Tucker. Deputy Governor VENUE: Speech in Helsinki

Officials “need to regulate for a minimum level of term bonded debt to provide gone-concern loss absorbency,” above what Basel 3 capital rules mandate to absorb losses at banks that are operating Bloomberg story: {NXTW NSN MOBYJ96TTDYE <GO>} Bloomberg bio page: {BBDP 1522429 <GO>} -------------------------------------------------------------------------------- June 6 -- Bank of England maintains bank rate at 0.50% Bloomberg story: {NXTW NSN MNYX960UQVI9 <GO>} -------------------------------------------------------------------------------- June 4 -- Andrew Bailey. Deputy Governor VENUE: Speech in London

“We are determined to put behind us the legacy of issues that have called into question the capital position of banks during the crisis,” Bailey, chief executive officer of the Prudential Regulation Authority, said in a speech in London yesterday. “The evidence in credit creation is so far mixed, which is not in my view a mark of the failure of policy since this operates with a lag.” Bloomberg story: {NXTW NSN MNTRRY0UQVI9 <GO>} Bloomberg bio page: {BBDP 4290375 <GO>} --------------------------------------------------------------------------------

To contact the reporter on this story: Mark Evans in London at +44-20-7330-7585 or mevans8@bloomberg.net

To contact the editor responsible for this story: Marco Babic at +41-44-224-4112 or mbabic@bloomberg.net

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