Monitor UK Monetary Policy Report Hearings for insights on interest rates and economic forecasts, impacting Forex markets.
Members of the Bank of England's Monetary Policy Committee (MPC) convene to decide on the country's key interest rates. Their public statements often reveal subtle hints about upcoming monetary policy changes. During these sessions, the BOE Governor and several committee members provide testimonies on inflation and the economic outlook to Parliament's Treasury Committee. These sessions can last several hours and may lead to market volatility, particularly when comments directly address currency markets.
What it Measures
N/A
Usual Effect
A more hawkish stance than anticipated tends to support the currency.
Source & Frequency
UK Parliament (latest release) - https://www.parliament.uk/ • Quarterly
How Data is Derived
N/A
Also Known As
Treasury Committee Hearings, Select Committee Hearings
Acronym
Bank of England (BOE), Monetary Policy Committee (MPC)