"The Government is set to throw out the 165-year old law that obliges the Bank to publish a weekly account of its balance sheet a move that will allow it theoretically to embark covertly on so-called quantitative easing. The Banking Bill, which is currently passing through Parliament, abolishes a key section of the law laid down by Robert Peel's Government in 1844 which originally granted the Bank the sole right to print UK money.

News of this increased secrecy will spark comparisons with Weimar Germany and Zimbabwe, where uncontrolled use of the central banks' printing presses ultimately caused hyperinflation."

http://www.telegraph.co.uk/finance/n...k-secrecy.html