Publishing minutes is vital for central bank comms, say markets

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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