Session 2006-07, 19 June 2007
Hearing on The May 2007 Inflation Report and
Bank of England Monetary Policy Committee: appointment hearings
The Treasury Committee will take evidence from the Monetary Policy Committee of the Bank of England in connection with its ongoing scrutiny of the Bank of England’s inflation reports and also take evidence on the reappointments of Kate Barker and Charlie Bean as members of the Bank of England Monetary Policy Committee as follows:
The Wilson Room, Portcullis House
Thursday 28 June 2007
The May 2007 Inflation Report
Mervyn King, Governor of the Bank of England
Rachel Lomax, Deputy Governor of the Bank of England (Monetary analysis)
Paul Tucker, Executive Director for Markets, Bank of England
Professor Tim Besley, External member of the Monetary Policy Committee
Professor David Blanchflower, External member of the Monetary Policy Committee
Monetary Policy Committee appointment hearings
11.00 am (approx)
Ms Kate Barker, External member of the Monetary Policy Committee
Mr Charlie Bean, Executive Director and Chief Economist, Bank of England
The meeting is scheduled to take place in Portcullis House. Those wishing to attend the meetings should check the venue by contacting the House of Commons Public Information Office on 020 7219 4272 on the day before the hearing.
1. The Inflation Report is produced on a quarterly basis by Bank of England staff under the guidance of the members of the Monetary Policy Committee. The report is designed to provide a comprehensive and forward-looking framework for discussion among MPC members and to allow the Bank to share its thinking. To further enhance transparency and understanding around the Bank's decisions on monetary policy, the Treasury Committee questions the Governor of the Bank and other MPC members on their recent decisions and on the outlook for monetary policy going forward.
2. The Inflation Report is available from:
www.bankofengland.co.uk. Evidence taken by the Treasury Committee on previous inflation reports and its hearings on appointments to the Monetary Policy Committee is available on the Committee's homepage:
3. The Treasury Committee has established a practice of holding hearings with persons appointed to the Monetary Policy Committee (MPC) of the Bank of England and reporting on those hearings. This practice enhances the transparency of the appointment process and increases the level of information available to the public and to Parliament about the functioning of the MPC.