Publishing minutes is vital for central bank comms, say markets

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Fed chairman Ben Bernanke

The minutes of monetary policy committee meetings are the most important communication tool of central banks in the eyes of financial markets, according to a recent survey – signalling that the unconventional policies prompted by the financial crisis have recast the rules of setting and communicating monetary policy.

Almost 90% of 844 respondents in a survey conducted by Barclays on the actions and communications practices of the US Federal Reserve, European Central Bank (ECB), Bank of England (

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