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Bank of England Recent Policy Comments and Decisions

Nov. 29 (Bloomberg) -- The following is a compilation of policy statements and decisions from the Bank of England’s Monetary Policy Committee and Deputy Governors.

Nov. 28 -- Mark Carney. Governor VENUE: Financial Stability Report Press Conference

“The package of measures I have described today will contribute to a constructive evolution of the housing market. By reinforcing financial stability, they further reinforce the MPC’s ability to provide exceptional monetary stimulus to the entire U.K. economy for as long as it deems appropriate.” Bloomberg story: {NXTW NSN MWZ55U6KLVR4 <GO>} Bloomberg bio page: {BBDP 5647315 <GO>} -------------------------------------------------------------------------------- Nov. 27 -- Ian McCafferty. Member Monetary Policy Committee VENUE: Interview with Brentwood Gazette

“We don’t believe the interest rates need to rise in anything like the near future, certainly not until unemployment comes down to that level.’’ Bloomberg story: {NXTW NSN MWWJAG6K50ZG <GO>} Bloomberg bio page: {BBDP 4216007 <GO>} -------------------------------------------------------------------------------- Nov. 26 -- Mark Carney. Governor VENUE: Testimony to Treasury Committee

“Given that the recovery is relatively new, what the MPC is not going to do is to pull the rug out from under the recovery just as it gets going.” Bloomberg story: {NXTW NSN MWVHYC6JTSEO <GO>} Bloomberg bio page: {BBDP 5647315 <GO>} -------------------------------------------------------------------------------- Nov. 21 -- Spencer Dale. Chief Economist VENUE: Interview with BBC

U.K. needs a “number of years of strong sustained growth until the economy starts to feel normal again.” Bloomberg story: {NXTW NSN MWMLKC6JTSEC <GO>} Bloomberg bio page: {BBDP 16113899 <GO>} -------------------------------------------------------------------------------- Nov. 20 -- BoE Minutes Individual MPC voting history. Bloomberg story: {NXTW NSN MWK9DC6JIJVO <GO>} Bloomberg table: {NXTW NSN MWK2II07SXKX <GO>} -------------------------------------------------------------------------------- Nov. 15 -- Martin Weale. Member Monetary Policy Committee VENUE: Speech in London

“The fact that, with forward guidance, we have set out policy explicitly with reference to inflation expectations means that we have to be much more rigorous than we were,” Weale said. “We cannot risk a situation where people say we are deliberately looking the other way if the data show a significant change in inflation expectations.” Bloomberg story: {NXTW NSN MWB5EY6JTSEI <GO>} Bloomberg bio page: {BBDP 1642883 <GO>} -------------------------------------------------------------------------------- Nov. 14 -- David Miles. Member Monetary Policy Committee VENUE: Federal Reserve Bank of Dallas Conference

“Monetary policy can be retained as a ‘last line of defense’ against risks to financial stability. Policy instruments more precisely targeted at the housing market can be helpful in dealing with situations where the level of interest rates that might be best suited to the wider economic situation is not the same as the rate that might be needed to stabilize the housing market.” Bloomberg story: {NXTW NSN MW9SVQ6VDKIB <GO>} Bloomberg bio page: {BBDP 3671737 <GO>} -------------------------------------------------------------------------------- Nov. 13 -- Mark Carney. Governor VENUE: BoE Inflation Report press conference.

"The recovery has finally taken hold. It is welcome that the economy is growing again, but a return to growth is not yet a return to normality." Bloomberg story: {NXTW NSN MW7CSO6JTSF7 <GO>} Bloomberg table: {NXTW NSN MW77PM1A1I4H <GO>} Bloomberg bio page: {BBDP 5647315 <GO>} -------------------------------------------------------------------------------- Nov. 7 -- Bank of England maintains bank rate at 0.50% Bloomberg story: {NXTW NSN MVW9816JIJVB <GO>} Bloomberg table: {NXTW NSN MVW6OL07SXKX <GO>} -------------------------------------------------------------------------------- Oct. 31 -- Martin Weale. Member Monetary Policy Committee VENUE: Interview with MNI

“Unemployment has surprised us in various ways over the last five years and no one can rule out more surprises.” Bloomberg story: {NXTW NSN MVJR4F6KLVRK <GO>} Bloomberg bio page: {BBDP 1642883 <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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