Overview
The IEO is an independent unit that sits within the Bank. It operates at arm’s length from other areas so as not to compromise the independence of the Bank’s policy making. The Court of Directors has a statutory obligation to keep the Bank’s performance under review, and the IEO supports this through its in-depth evaluations. When necessary, the IEO also supports reviews carried out by independent third parties.
The IEO reports directly to the Chair of Court, who sets the IEO’s remit and work programme, typically in consultation with other Court Directors.
If you have any questions or you would like to give feedback on the Independent Evaluation Office’s work, email independentevaluation@bankofengland.co.uk.
Terms of reference for the IEO
The Independent Evaluation Office 2024/5 work programme
In December 2023, Court commissioned the IEO to consider the Bank’s approach to horizon scanning across its policy functions. That evaluation began in the second half of 2024.
