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Bank of England Recent Policy Comments and Decisions

Sept. 30 (Bloomberg) -- The following is a compilation of policy statements and decisions from the Bank of England’s Monetary Policy Committee and Deputy Governors.

Sept. 29 -- Ben Broadbent. Member Monetary Policy Committee VENUE: Op-ed in Sunday Telegraph

“We are trying to stabilize the economy, not interest rates, and I believe that forward guidance is the best way to do that.” Bloomberg story: {NXTW NSN MTUSM76S972D <GO>} Bloomberg bio page: {BBDP 3776185 <GO>} -------------------------------------------------------------------------------- Sept. 27 -- Mark Carney. Governor VENUE: Interview with Yorkshire Post

“My personal view is, given the recovery has strengthened and broadened, I don’t see a case for quantitative easing and I have not supported it.” Bloomberg story: {NXTW NSN MTS6176JIJUV <GO>} Bloomberg bio page: {BBDP 5647315 <GO>} -------------------------------------------------------------------------------- Sept. 24 -- Paul Tucker. Deputy Governor VENUE: Speech in London

“It would be very easy for the financial markets, businesses and households to jump to the mistaken conclusion that monetary stimulus will soon begin to be withdrawn. Given the slack in the economy, the committee is not in a rush” Bloomberg story: {NXTW NSN MTMRIO6K50YZ <GO>} Bloomberg bio page: {BBDP 1522429 <GO>} -------------------------------------------------------------------------------- Sept. 24 -- David Miles. Member Monetary Policy Committee VENUE: Speech in Newcastle

“It would be spectacularly misguided to think that some signs of more normal growth mean that the economy is back to normal.” Bloomberg story: {NXTW NSN MTMU3E6K50XY <GO>} Bloomberg bio page: {BBDP 3671737 <GO>} -------------------------------------------------------------------------------- Sept. 23 -- Ben Broadbent. Member Monetary Policy Committee VENUE: Speech in London

It’s “appropriate to consider withdrawing some of the monetary easing in place if we see a marked decline in the single most reliable -- albeit lagged -- measure of spare capacity, namely the rate of unemployment.” Bloomberg story: {NXTW NSN MTL87S6K50YC <GO>} Bloomberg bio page: {BBDP 3776185 <GO>} -------------------------------------------------------------------------------- Sept. 19 -- David Miles. Member Monetary Policy Committee VENUE: Interview with Reuters

The U.K. economy “may be transitioning to a much more favourable trajectory where optimism becomes self-reinforcing and self-confirming. That was the decisive factor to think it was time to keep on hold the stock of assets we had decided to purchase.” Bloomberg story: {NXTW NSN MTDPP16JTSEF <GO>} Bloomberg bio page: {BBDP 3671737 <GO>} -------------------------------------------------------------------------------- Sept. 18 -- BoE Minutes Individual MPC voting history. Bloomberg story: {NXTW NSN MTBDVB6JIJV0 <GO>} Bloomberg table: {NXTW NSN MTBBQQ0YHQ0X <GO>} -------------------------------------------------------------------------------- Sept. 17 -- Paul Tucker. Deputy Governor VENUE: Event in London

Work underway means if a bank failure occurs in 1-2 yrs time, “the ripples and mess would be considerably less.” Bloomberg story: {NXTW NSN MTA6IJ6JTSEJ <GO>} Bloomberg bio page: {BBDP 1522429 <GO>} -------------------------------------------------------------------------------- Sept. 12 -- Mark Carney. Governor VENUE: Testimony to Treasury Committee

“By making policy more effective, we make it more stimulative and reinforce the recovery.” Bloomberg story: {NXTW NSN MT0NZH6K50Y5 <GO>} Bloomberg bio page: {BBDP 5647315 <GO>} -------------------------------------------------------------------------------- Sept. 11 -- David Miles. Member Monetary Policy Committee VENUE: Conference in London

“People may interpret that good news as implying that we might reach the 7 percent threshold relatively quickly,” Miles said. “That may turn out to be the case, I rather doubt it myself.” Bloomberg story: {NXTW NSN MSZ2XB6JTSEA <GO>} Bloomberg bio page: {BBDP 3671737 <GO>} -------------------------------------------------------------------------------- Sept. 9 -- Andrew Bailey. Deputy Governor VENUE: Bloomberg Television Interview

“We don’t believe that putting more capital into the system is detrimental,” Bailey said. “A better-capitalized system, a more stable system, is good for financial stability, will be good for the banking system and good for the economy.” Bloomberg story: {NXTW NSN MSUORF6K50YM <GO>} Bloomberg bio page: {BBDP 4290375 <GO>} -------------------------------------------------------------------------------- Sept. 5 -- Bank of England maintains bank rate at 0.50% Bloomberg story: {NXTW NSN MSNPY66KLVSL <GO>} Bloomberg table: {NXTW NSN MSNFWG0YHQ0X <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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