BoE minutes help markets shape expectations, paper finds
Working paper finds markets make use of minutes when forming short-term expectations
Minutes from the Bank of England monetary policy committee (MPC) meetings help markets to better predict the next interest rate move, according to a working paper published by the European Central Bank.
In Has the publication of minutes helped markets to predict the monetary policy decisions of the Bank of England's MPC? Makram El-Shagi and Alexander Jung find "strong evidence" on the matter.
"Our results show that, in the very short term, markets already make use of new information from the MPC
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