IIC&G CPD WEBINAR: BANK OF ENGLAND ANNUAL STATE OF THE ECONOMY ADDRESS

Overview

The Bank of England is responsible for keeping the UK’s economy on the right track. One of the ways it does this is through monetary policy.

The Bank of England operate monetary policy by moving the interest rate (formally known as Bank Rate) up and down. In certain circumstances, The Bank of England will supplement this with measures such as quantitative easing.

Decisions on monetary policy are made by the Monetary Policy Committee (MPC) eight times a year.

The MPC has nine individual members. Before they decide what action to take, they hold several meetings to look at how the economy is working.
Members are briefed on the latest data and analysis on the economy. This includes reports on business conditions around the UK from regional agents.

Malindi Myers the agent for the South West will present an overview of the economy and then lead discussion around current themes.

Learning Objectives

Attendees will get an up-to-date overview as to the state of the economy and an insight into the workings of the Monetary Policy Committee (which in turn controls the economy).

HOUSEKEEPING:

This is a CPD webinar hosted by Zoom. Your Zoom link will be sent out 48 hours before the event. It is not included in the reminder that comes separately. Please do not share the Zoom link with anyone else. The session will be recorded but you will need to book in advance to receive a recording.

ADVANCED COMMENTS/QUESTIONS

You may well have comments and questions for Malindi and there will be plenty of time for that. If you have observations or questions please do email them in advance to Education Lead simon.mcgill@ecclesiastical.com in confidence.