Statistical Notice 2024/12 - Bank of England (BoE) Levy Classification
Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder
Dockworkers pause strike after Biden administration’s appeal to patriotism hits the mark
Port Everglades dockworkers walk a picket line while on strike on Oct. 3, 2024, in Fort Lauderdale, Fla. Joe Raedle/Getty ImagesA dockworkers strike that froze operations at East Coast and Gulf Coast ports for 2½ days was paused on Oct. 3, 2024. The Conversation U.S.
Low pay, high staff turnover and employee burnout took a toll on social service nonprofits during the COVID-19 pandemic − new research
Professional caregivers do essential work but often earn low wages. FatCamera/E+ via Getty ImagesSocial service nonprofits had high rates of staff turnover and a hard time filling vacant positions in 2022 as the COVID-19 pandemic was ending.
More and more, business schools want to show they’re making a positive impact on society. But how should they measure it?
Business schools shape more than just business. iStock/Getty Images PlusBack in 1970, the economist Milton Friedman famously argued that businesses have a single responsibility: to increase profit. For decades, the so-called “Friedman doctrine” amounted to dogma in certain circles, including at many business schools.
Minutes of the Meeting of the Court of Directors held on 5 July 2024
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.
SIMEX 24 – A major market-wide simulation exercise to test the UK financial sector’s resilience to a major operational disruption
The Bank of England, in partnership with UK Finance, the financial sector and the other UK financial authorities (HM Treasury and the Financial Conduct Authority), has undertaken its latest UK market wide simulation exercise, SIMEX 24.
Financial Policy Committee Record - 2024 Q3
Our Financial Policy Committee (FPC) meets to identify risks to financial stability and agree policy actions aimed at safeguarding the resilience of the UK financial system.
How income expectations adjust to inflation – a consumers’ expectations-revealed pass-through
We use inflation and income growth expectations from the ECB Consumer Expectations Survey to measure the subjective expected pass-through of inflation to income in the main euro area countries. By aggregating consumers’ responses to probabilistic questions, we obtain significantly higher estimates of the pass-through than those obtained from micro data. Our methodology allows one to examine how the pass-through varies along the probability distribution of expected inflation, which turns out to be particularly large for moderate inflation expectations.
Tougher than the GFC: why NZ’s small businesses may be in worse shape than in 2008
With rising costs and drops in consumer spending, small businesses have been struggling lately.
The inflationary consequences of prioritising central bank profits
This paper examines the impact of rising interest rates on central bank profitability. Using a stylized income model, we demonstrate that changes in interest rates in combination with expansive balance sheet policies introduce a cyclical component into the central bank’s profit and loss statement. Ourfindings reveal, however, that while the interplay of such policies may dampen short-term profitability if interest rates rise, they do not undermine a central bank’s financial strength, because higher interest rates also raise the value of future seigniorage income.
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