Cordelia Kafetz
Despite speculation to the contrary, the number of banknotes in circulation is increasing. During 2016, growth in the value of Bank of England notes was 10%, double its average growth rate over the past decade.
- Bank Underground is a blog for Bank of England staff to share views that challenge – or support – prevailing policy orthodoxies. The views expressed here are those of the authors, and are not necessarily those of the Bank of England or its policy committees.
Top Posts & Pages
- UK trade: going steady since the 1960s
- The UK’s productivity puzzle is in the top tail of the distribution
- What can regional data tell us about the UK Phillips Curve?
- Bitesize: UK real interest rates over the past three centuries
- Is a steeper yield curve good news for banks? A challenge to the conventional wisdom
- How does monetary policy affect the distribution of income and wealth?
- Who’s driving consumer credit growth?
- About
- [Guest post] Global real interest rates since 1311: Renaissance roots and rapid reversals
- Central bank digital currency: the end of monetary policy as we know it?
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