BoE says publishing Fed-like transcripts would restrict debate

The Bank of England (BoE) is unlikely to start releasing Fed-like transcripts of its Monetary Policy Committee (MPC)meetings, as some committee members fear it would stifle debate by making participants wary of speaking ‘off the cuff' to avoid future retribution.

"When the MPC was first set up, we experimented with producing transcripts. But we quickly realised that the nature of the discussion - nine economists debating current economic issues - meant that the transcripts were very difficult to