The Loan that Built the Bank of England

           Despite the fact that modern central banking did not come about until the 19th century, the history of the Bank of England extends back far further. While its responsibilities have no doubt transformed over its three-century history, the Bank has always served a distinguished role in Britain’s system of public finance. Indeed, the institution has

The Bank of England’s Weathervane

           For better or worse, forecasting has become part of economists’ repertoires. But, given the delays involved in collecting and summarizing data into regular reports on the economy’s health, using more frequently compiled or even real-time data is an art in itself. Trying to make sense of the overall economy by looking at minute-by-minute movements in

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