Central bank minutes · United Kingdom
United Kingdom BoE MPC Meeting Minutes
The United Kingdom BoE MPC Meeting Minutes is the written account of the Bank of England's latest policy meeting: the arguments made, the risks discussed and how members voted.
- Importancia
- High
- Divisa
- GBP · pound sterling
- Banco central
- The Bank of England
Últimas cifras
Aún no se muestran resultados de esta publicación. Aparecerán aquí en cuanto se publiquen.
Por qué importa
The decision itself is known weeks earlier; the minutes show how close the committee was to a different decision and what would change its mind. Traders scan them for hints about the next move in Bank Rate, so a more hawkish or dovish tone than expected moves the pound sterling and short-term bond yields.
Cómo se calcula
There is no figure. The central bank's staff write a summary of the meeting, approved by the members and published on a set date (three weeks after the meeting for the Fed, four for the ECB's accounts).
Qué significan los cambios
- Count the references to inflation risks against growth risks.
- "Many" or "most" members holding a view means more than "a few" or "some".
- Disagreement in the committee often foreshadows a change of direction.
Mayor de lo esperado: A more hawkish tone than expected tends to lift the pound sterling and short-term yields.
Menor de lo esperado: A more dovish tone than expected tends to weaken the pound sterling and lower short-term yields.
Una breve historia
The Federal Reserve began publishing FOMC minutes with a delay of three weeks in 2005 (it used to wait for the next meeting); the Bank of England publishes minutes with each decision since 2015, and the ECB began publishing accounts of its meetings in 2015.
Preguntas
What is the United Kingdom BoE MPC Meeting Minutes?
The United Kingdom BoE MPC Meeting Minutes is the written account of the Bank of England's latest policy meeting: the arguments made, the risks discussed and how members voted.
Solo contenido educativo, no asesoramiento de inversión. Las cifras son los resultados publicados según los registra nuestro calendario; las reacciones del mercado descritas son típicas, no garantizadas.