BoE MPC split on publishing rate forecasts

Jan Vlieghe is in favour of publishing interest rate forecasts

The Bank of England’s monetary policy committee (MPC) is divided on the question of whether to start publishing an explicit forecast for the policy interest rate.

Jan Vlieghe, an external member of the committee, told lawmakers today (May 22) he was in favour of the proposal, and had raised it several times at meetings.

Speaking during a hearing on his reappointment for a new three-year term, he criticised the current system, in which forecasts are conditioned on market expectations for

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