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MNI BRIEF: Market Intelligence BOE Policy 'Input, Not Driver'

(MNI) London

Financial market expectations are an input, rather than a driver in the Bank of England's policymaking process, a senior bank official said Tuesday.

Andrea Rosen, head of the BOE's Market Intelligence and Analysis team, said markets can be noisy, and the Monetary Policy Committee are invested in attempting to understand and navigate them as best as possible. (See: MNI INSIGHT: Fed Rates Speculation Double-Edged Sword For BOE)

Accepting the importance of the market transmission mechanism is to the Bank, the market analysis and intelligence activities continually evolve, Rosen said. Importantly, "we wish to continue expanding our network of market contacts, so that they are even more diverse and reflective of the market setup," she added.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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