- NAO review commends Bank of England’s RTGS Renewal Programme as value-for-money with strong leadership and collaboration
- Monetary Policy Transformation Programme approved by Court, emphasizing improved MPC communications and process modernization
- UK retail payments strategy prioritizes account-to-account payments, interoperability with digital pound, and private-sector innovation
February 26, 2026
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Central Banks 2
- Bank of England's 2023 court minutes released, revealing pay disparities and staff survey concerns
- Technology transformation budget capped at £100m for 2023, with cloud and RTGS renewal programs approved
- Bank's 2023 dividend payment waived but expected to resume in future years due to capital position
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