Transparency and the Bank of England

LETTER - Letter published by the Financial Times, 13 November.

Sir, Your editorial describing the differing monetary policy outlooks of the US Federal Reserve, the European Central Bank and the Bank of England contained an innocuous line that I found to be almost distressing (8 November).

Apparently, the Bank of England " . . . has yet to become as transparent about its decisions as its more important counterparts". However, the detailed minutes of the Bank's monetary policy committee, which are

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