Bank of England Holds Court in Liverpool
Byline: Bill Gleeson
THE Court of the Bank of England is to hold its first ever session in Liverpool today.
Governor Sir Edward George and around a dozen of the bank's other directors will assemble at Liverpool Town Hall for the formal meeting this morning.
The fact the meeting is taking place in Liverpool is part of a drive by the bank to take account of the UK's regions when setting interest rates.
It is the fifth time in the last three years that the Court, the bank's ruling body, has met outside London.
The Governor, a keen sailor, will spend the morning steering a Mersey Ferry. He will also attend a lunch with a number of business people from the region. Members of the bank's Monetary Policy Committee, the body that sets UK interest rates, will then spend part of the day meeting with local business groups and organisations.
Sir Edward will also meet with the Confederation of British Industry in the North West.
Sir Edward told the Daily Post yesterday: ``We are very conscious that we are the central bank of the United Kingdom, not withstanding comments that some people like to make. …