Bank of England will take just one day to decide to do nothing this April

 
Peter Spence
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Other commitments will keep the Bank of England's Monetary Policy Committee from taking their usual two days to ponder changes to monetary policy this April.

Instead of meeting for both the 9 April and 10 April, interest rate setters will (probably) decide that it's not worth changing policy in just one day.

The Bank hasn't changed interest rates since they were cut to historic lows in 2009.

Minutes will be released some two weeks after, but they're not really minutes - more of a press release. The Bank of England doesn't actually release transcripts at all, let alone store them. Recordings of meetings are routinely deleted after those minutes are agreed upon.

If the UK's central bank really wanted to be transparent, then it would stop destroying those historical records immediately.

The Bank's full statement:

In order to accommodate some members’ attendance at international meetings in Washington DC on Thursday 10 April, the MPC’s policy meeting scheduled for 9-10 April will take place on Wednesday 9 April only. The decision will still be announced at the originally scheduled time of 12.00 hrs (BST) on Thursday 10 April.