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Bank of England Profile picture
Bank of England
@bankofengland
As the UK's central bank we work to ensure low inflation, trust in banknotes and a stable financial system. Follow our @BoE_PressOffice and @boemuseum accounts
Feb 7, 2023 • 6 tweets • 4 min read
Today the Bank of England and @hmtreasury have published a Consultation Paper on the digital pound, a UK central bank digital currency. Find out more here: b-o-e.uk/3jBBp7t The digital pound: consultation paper The digital pound would be subject to rigorous standards of privacy and data protection. It would be privacy-enhancing by design and would allow users to make choices about their data. Find out more here: b-o-e.uk/3jxudtf
Aug 4, 2022 • 5 tweets • 4 min read
The Monetary Policy Committee voted by a majority of 8-1 to increase #BankRate to 1.75%. Find out more in our #MonetaryPolicyReport: b-o-e.uk/MPR-Aug-2022 Inflation is over 9%. We expect it to rise further this year to around 13%, due to higher energy bills. b-o-e.uk/MPR-Aug-2022 #MonetaryPolicyReport #Inflation
Feb 3, 2022 • 4 tweets • 4 min read
The Monetary Policy Committee voted by a majority of 5-4 to increase #BankRate to 0.5% and voted unanimously to begin to reduce the amount of quantitative easing. Find out more in our #MonetaryPolicyReport: b-o-e.uk/MPR-Feb-2022 Inflation is above our 2% target. We expect it to rise to around 7% in the spring, but then fall back and be close to our 2% target in around two years’ time. b-o-e.uk/MPR-Feb-2022 #MonetaryPolicyReport #Inflation
Jun 8, 2021 • 6 tweets • 3 min read
Today we launch an exercise to find out how climate-related risks could affect large UK banks and insurers.

Our Climate Biennial Exploratory Scenario investigates the effects of taking climate action early, late or not at all. Find out more: b-o-e.uk/3w9p3EU We’re asking large banks and insurers to use three scenarios to look at how climate-related risks could affect them. 

Two of our scenarios focus on the move to a net-zero emissions economy. The third is concerned with the physical risks created by global warming.