Sat 6th Jul 2013
Bank of England Deputy Governor briefs NI business leaders
NI Chamber President: Unique opportunity for businesses to gain insight from key authority on monetary policy
The Deputy Governor of the Bank of England, Mr Charles Bean, briefed Northern Ireland’s business leaders on the Monetary Policy Committee’s views on the economy at an event organised by the Northern Ireland Chamber of Commerce in conjunction with Bank of England on 19 May 2011.
The business lunch, which took place at the Barnett Room in the Harbour Commissioners Office, saw the Deputy Governor deliver a presentation and host a question and answer session, during which the business audience outlined their thoughts on the current economic conditions.
Speaking at the event, Francis Martin, President of the Northern Ireland Chamber of Commerce, said:
“It was a great honour to have the Deputy Governor of the Bank of England speaking at today’s business briefing and I would like to sincerely thank Charles for his presentation and question and answer session. The event provided a unique opportunity for our business leaders to gain an insight into the economy from a key authority on monetary policy and to engage with Charles Bean and relay their current views on the economic climate.
“Events such as today’s, which comes on the back of the Northern Ireland Chamber of Commerce’s successful ‘5 Leaders 5 Days’ series, are vital in helping to shape the economic debate and ensure that business and the economy remain at the forefront of the news agenda. This is a vital time for the Northern Ireland economy, standing as we do on the verge of reduced corporation tax and the introduction of an enterprise zone, and we look forward to working with DETI Minister Arlene Foster, the Executive and the UK treasury to implement the bold decisions required to stimulate job creation and economic growth.”
Speaking at the event, Charles Bean, Deputy Governor of the Bank of England, said:
“It’s a great pleasure to be back in Belfast, meeting with members of the Chamber of Commerce. Today’s venue, the Belfast Harbour Office, bears witness to the city’s long history as a key hub for international trade. Visits like this to different parts of the UK are terrific opportunities for MPC members to both explain the Bank’s thinking and to gather first hand information about local business conditions. That information will be highly valuable when my MPC colleagues and I next sit down to set interest rates at the beginning of June.”
Charles Bean became Deputy Governor in July 2008, having been Executive Director prior to that and Chief Economist from October 2000. In addition to his membership of the Monetary Policy Committee, he has specific responsibility within the Bank for Monetary Policy, including monetary analysis and money market operations.
A copy of the Deputy Governor’s speech can be downloaded below: