Super Thursday marks a new way of doing business for the Bank of England
By Kathleen Brooks, research director
FOREX.com and City Index
Thursday 6th August is now being called
Super Thursday, when the Bank of England will announce its
latest interest rate decision, release the minutes of last
week’s meeting and release the third Inflation
Report of the year all at midday UK time. The bank actually
decided on its interest rate decision last week, but the
announcement was delayed to allow time for the minutes to be
written up and released at the same time as the Inflation
Why the data dump?
This is a new way of doing business for
the BoE, and is part of Governor Mark Carney’s
plans to make the bank’s decision-making process
more transparent. It also brings the BOE in line with the
Federal Reserve, ECB and BOJ who all hold press conferences
after the release of their interest rate decisions.
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