Printer Friendly

Bank of England to release transcripts of Monetary Policy Committee meetings.

M2 EQUITYBITES-May 1, 2014-Bank of England to release transcripts of Monetary Policy Committee meetings

(C)2014 M2 COMMUNICATIONS http://www.m2.com

The Bank of England on Wednesday announced that it has commissioned a review of practices and procedures in its consideration of making permanent recordings and transcripts of Monetary Policy Committee (MPC) meetings.

The Bank said that it has appointed governor Kevin Warsh, a former member of the Board of Governors of the Federal Reserve System and member of the Federal Open Market Committee, to undertake the review.

Currently MPC meetings are recorded by those responsible for writing the MPC minutes as a back up to their written notes, this is intended to ensure that the published minutes are accurate. No transcript is made and the recordings are deleted once the official minutes have been published.

At a recent Treasury Committee hearing the Bank was asked to consider making and keeping full transcripts with a view to releasing them after a number of years, transcripts of monetary policy discussions in some other central banks are, or will be, published, with those of the Federal Open Market Committee in the United States being published after five years and in the euro area, records of ECB Governing Council meetings will be published after thirty years.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2014 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2014 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:May 1, 2014
Words:225
Previous Article:PREIT signs partnership with GoMoto at Cherry Hill Mall in South Jersey.
Next Article:BGC to buy Mexico's Remate Lince.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters