Treasury Committee press notice no.05

Session 2006-07, 22 November 2006

Hearings on Bank of England November 2006 Quarterly Inflation Report

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

Thursday 30 November 2006
10.00 am
Mr Mervyn King, Governor of the Bank of England; Sir John Gieve, member of the Monetary Policy Committe; Mr Charlie Bean, Chief Economist and Executive Director of the Bank of England, and member of the Monetary Policy Committee
Professor Tim Besley, member of the Monetary Policy Committee Professor David Blanchflower, 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.

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. During the meeting on 30 November 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: 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: