In November 2012, a process for regular cash transfers between the Bank of England’s Asset Purchase Facility Fund Limited (APF) and Her Majesty’s Treasury (HMT) was established. The size and timing of these transfers depends on a number of uncertain factors, including the future path of Bank...

Beliefs about future inflation play a major role in determining the rate of inflation, and so it is important for the Monetary Policy Committee to take them into account when making their policy decisions. A number of measures of central expectations for inflation are available, such as surveys...

Large movements in the oil price have had significant effects on UK CPI inflation over the past few years. In order to produce an inflation forecast, it is necessary to assume a path for oil and other commodity prices. The Monetary Policy Committee assumes that oil prices follow the path given...