Among a few tools of monetary policy, available to any central bank, the verbal stance on the current state of economy and financial system is the finest. Markets are desperately waiting for any signals, foreshadowing the forthcoming changes in interest rates or liquidity programs. Every statement, emanating from the the central bank, is thoroughly parsed and analyzed. The minutes, released on regular basis by BoE is not an exception.
On November the 19th BoE England Minutes were made public. T…
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