27 February 2008: For Immediate Release
FORTHCOMING EVIDENCE SESSION
The February 2008 Inflation Report and
Re-appointment of Dr Andrew Sentance to the Monetary Policy Committee
The Treasury Committee is to take evidence from the Monetary Policy Committee of the Bank of England on the February 2008 Inflation Report as follows:
Wednesday 26 March 2008, at 9.15 am
(venue to be confirmed but either Portcullis House or the Palace of Westminster)
Mr Mervyn King, Governor of the Bank of England
Ms Rachel Lomax, Deputy Governor
Mr Charlie Bean, Chief Economist
Dr Andrew Sentance, external member of the MPC
Mr David Blanchflower, external member of the MPC
Following that evidence, and at the same meeting, the Committee will take evidence from Dr Andrew Sentance on the Re-appointment of Dr Andrew Sentance to the Monetary Policy Committee.
Those wishing to attend the meeting 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 website:
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.