In this speech, the Governor notes that monetary union is fundamentally a political rather than an economic issue, and that the politics of monetary union is for elected politicians. But it is also an economic issue: he goes on to survey the pros and cons of the single currency in the context of...

In this speech, the Governor surveys the current shape of the City and the reasons for its success, identifying the ethos of a free, competitive market place as the predominant factor. The Governor then looks forward to the challenges facing the City: in particular the euro, the advance of...

In this speech the Governor explains how, in the face of a slowing world economy and a continuing strong exchange rate, the Monetary Policy Committee have cut UK interest rates to encourage the growth of domestic demand and so keep on track to hit the inflation target. Although the events of 11...

In this speech, the Governor discusses the task of setting monetary policy in the context of the synchronized economic downturn in the world economy, and notes the difficult conditions for the internationally exposed sectors in all the major economies including the United Kingdom. Looking...