Is it a bird? Is it a plane? No, it’s Super Thursday
by Simon Goodley from on (#12DPP)
The Bank of England's monthly interest rate announcement is all a lot more exciting than it used to be. Not that rates are very likely to be raised this month
The fusing of the Bank of England's announcement of its decision on interest rates with the unveiling of its quarterly inflation report is a relatively new phenomenon.
It has been dubbed "Super Thursday" by economists who don't have much else to get excited about, and has been structured in this way to either (a) allow the Bank to "take a deeper look at inflation prospects and give it a fresh perspective on the monetary policy"; or (b) because there's been so little to say about rates for seven years that the Bank's press office has got a bit embarrassed.
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