Bank of England defends communication

A study published by the Bank of England on its communications on Monday 12 December that financial markets show the strongest reaction to minutes of its MPC policy meetings and the quarterly Inflation Report.

The research found that while there was little reaction to speeches or to testimony by Monetary Policy Committee members to Parliament, intraday moves in asset prices show that the minutes and the Inflation Report regularly contain key market information.

"The relatively strong impact on

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