The Old Lady Speeds Up Her Printing Presses ; Comment
Summary
IT USED to be the case that the Bank of England was extremely reluctant to explain its policy decisions until the minutes of the Monetary Policy Committee were published a couple of weeks later.
So unlike the Federal Reserve in the US it was all but impossible to know if the bias of the interest rate setters was changing.See the full content of this document
Extract
The Old Lady Speeds Up Her Printing Presses ; Comment
No one could make that complaint now. The Bank has fallen into the trap, which if fought to avoid, by producing a deta...
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