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The term "fan chart" was coined by the Bank of England, which has been using these charts and this term since 1997 in its "Inflation Report" [1] [2] to describe its best prevision of future inflation to the general public. Fan charts have been used extensively in finance and monetary policy, for instance to represent forecasts of inflation.
The Bank of England has been a leader in producing innovative ways of communicating information to the public, especially through its Inflation Report, which many other central banks have emulated. [96] The bank celebrated its three-hundredth birthday in 1994. [84] In 1996, the bank produced its first Financial Stability Review.
The MPC are asked to keep the Consumer Price Index at 2% per year. The committee is responsible for formulating the United Kingdom's monetary policy, [2] most commonly via the setting of the rate at it which it lends to banks (officially the Bank of England Base Rate or BOEBR for short). [3]
Spencer Dale (born 12 January 1967) is a British economist who sat on the Bank of England's Monetary Policy Committee from 2008 through 2014, including a period as Chief Economist. He is currently the group chief economist of BP .
The Financial Policy Committee (FPC) is an official committee of the Bank of England, modelled on the already well established Monetary Policy Committee. It was announced in 2010 as a new body responsible for monitoring the economy of the United Kingdom . [ 1 ]
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Switzerland's foreign exchange reserves are a key element of its economic framework, reflecting the country's financial strength and stability. With current reserves of approximately $1.01 trillion, the SNB's management of these assets plays a vital role in ensuring the stability of the Swiss franc and supporting the broader economy.
The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established in the 2009 G20 Pittsburgh Summit as a successor to the Financial Stability Forum (FSF). The Board includes all G20 major economies, FSF members, and the European Commission.