The sterling effective exchange rate has depreciated significantly since the start of the financial market crisis in August 2007. Movements in sterling affect UK monetary policy via their potential impacts on CPI inflation prospects, where it is important to consider the reasons behind the...

This article reviews developments since the Autumn Quarterly Bulletin in sterling markets, UK market structure and in the Bank's official operations. Short-term nominal sterling interest rates rose, reversing the falls in forward rates observed earlier in the year. This was part of a global...

This paper investigates the extent to which changes in the quantity and cost of non-bank finance impact on the quantity and interest cost of UK-owned banks' corporate lending. The results give some support to the view that there is substitution between market finance and bank loans - loan growth...

Using panel regression analysis, the paper investigates what factors may help to explain increases in loan-loss provisions for the major UK banks. Explanatory variables reviewed include aggregate variables such as GDP growth as well as bank-specific factors such as the composition of the loan...