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- Title
The new sterling ERI.
- Authors
Lynch, Birone; Whitaker, Simon
- Abstract
This article explains proposals for a new sterling trade-weighted effective exchange rate index. The existing index is based on trade patterns in manufactured goods in 1989-91. The proposed new index would reflect more recent trade patterns, incorporate services trade and a broader set of countries, including those in Asia. We are inviting comments on the proposed method with a view to publishing the new index on a regular basis from Spring 2005. INSET: Examples of competitiveness weights.
- Subjects
ASIA; UNITED Kingdom; FOREIGN exchange rates; MONETARY policy; CONTRACT proposals; FOREIGN exchange
- Publication
Bank of England Quarterly Bulletin, 2004, Vol 44, Issue 4, p429
- ISSN
0005-5166
- Publication type
Article