1. Oxonia Distinguished Speaker Seminar Charlie Bean Executive Director and Chief Economist Bank of England 22 February 2005

2. Chart 1: GDP growth estimates

3. Chart 2: Measures of long-term real interest rates

4. Chart 3: Real house prices and consumption

5. Chart 4: Rolling standard deviations of GDP growth UKUSGermany FranceItalyCanada

6. Chart 5: Rolling standard deviations of inflation UKUSGermany FranceItalyCanada

7. Chart 6a: Phillips Curves UKUS GermanyJapan

8. Chart 6b: Phillips Curves FranceItaly Canada

9. Chart 7: Brent crude oil price

10. Chart 8: 3-year spot inflation rates (a) UK and US figures are derived from the difference between spot yields on conventional and index-linked government bonds. Euro area figures are derived from inflation swaps.

11. Chart 9: Interest Rates (June 05 3m Futures Contracts)

12. Chart 10: International equity indices

13. Oxonia Distinguished Speaker Seminar THE END www.bankofengland.co.uk