The Bank’s Agents collect economic intelligence from the business community around the United Kingdom, enriching the range of information available to the Monetary Policy Committee (MPC). The intelligence is largely qualitative, but Agents also make quantitative judgements in the form of...

Low national saving, a persistent current account deficit and the rapid expansion of balance sheets are potential reasons why the UK economy needs to rebalance. Global factors are likely to have been an important driver of these developments, but domestic factors have played an important role in...

Large movements in house prices over the past three years have re-emphasised the challenge of analysing their movements. This article presents data on properties sold at auction that may offer insights into short-term dynamics in the housing market.

The high level of UK inflation in recent years raises the possibility that inflation expectations may drift upwards, making the period of above-target inflation last for longer. This article presents some evidence on inflation expectations during Sustained Off-Target Inflation (SOTI) episodes in...

The high level of UK inflation in recent years raises the possibility that inflation expectations may drift upwards, making the period of above-target inflation last for longer. This article presents some evidence on inflation expectations during Sustained Off-Target Inflation (SOTI) episodes in...