In this speech, Sir John Gieve, Deputy Governor for financial stability, discusses the financial cycle and the UK economy. He argues that the US sub-prime market provided only the initial spark and fed a fire fuelled by much broader weaknesses in the financial sector. He outlines a number of...

We examine whether central banks' voting records help predict the future course of monetary policy in the Czech republic, Hungary, Poland, Sweden and the United Kingdom, controlling for financial market expectations. Unlike previous research, first, we examine the period of the global financial...