Treasury Committee press notice no.51

20 May 2008: For Immediate Release


The May 2008 Inflation Report

The Treasury Committee is to hold two evidence sessions on the Bank of England€™s May 2008 Inflation Report as follows (venue to be confirmed but either Portcullis House or the Palace of Westminster):

Tuesday 17 June 2008, at 9.45 am

Professor Danny Quah, Professor of Economics, LSE
Professor Anton Muscatelli, Principal and Vice Chancellor, Heriott-Watt University
Roger Bootle, Managing Director, Capital Economics Ltd
Bronwyn Curtis, Chief Economist, Arch Group

Thursday 26 June 2008, at 9.45 am

Mervyn King, Governor of the Bank of England
Sir John Gieve, Deputy Governor of the Bank of England
Paul Tucker, Executive Director of the Bank of England
Tim Besley, External Member of the Monetary Policy Committee
Kate Barker, External Member of 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: 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.