Treasury Committee press notice no. 45

Session 2005-06, 26 May 2006

Hearings on Bank of England May 2006 Quarterly Inflation Report

The Treasury Committee has arranged the following evidence sessions in connection with its ongoing scrutiny of the Bank of England's quarterly inflation reports:

Tuesday 6 June 2006:

At 10.00 am: Mr John Butler, UK Chief Economist, HSBC, Professor Anton Muscatelli, University of Glasgow, Professor Danny Quah, London School of Economics, Mr Michael Saunders, Head of European Economics, Citigroup

Thursday 29 June 2006:

At 9.15 am: Mr Mervyn King, Governor of the Bank of England, Ms Kate Barker, Deputy Governor of the Bank of England and member of the Monetary Policy Committee, Mr Charles Bean, Chief Economist and Executive Director of the Bank of England, and member of the Monetary Policy Committee, Mr Paul Tucker, Executive Director (Markets) of the Bank of England, and member of the Monetary Policy Committee, Mr David Walton, member of the Monetary Policy Committee

The meetings are 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.

NOTES:

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. In advance of its session with the Bank, the Treasury Committee holds an evidence session with several experts on monetary policy.

2. During the meeting on 6 June 2006, Treasury Committee members may ask questions about the outlook for domestic consumption and exports, recent trends in personal insolvencies, recent stock market volatility, prospects for business investment, the impacts of current oil and gas prices and recent MPC decisions.

3. 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: http://www.parliament.uk/parliamentary_committees/treasury_committee.cfm.

4. Press Notice No. 45

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