The Bank of England Act 1998 says that the Bank "shall publish minutes of the [MPC] meeting before the end of the period of 6 weeks beginning with the day of the meeting." Until October 1998 the minutes were published about five weeks after the meeting.
The Monetary Policy Committee announced on 8 October 1998 that it would publish the minutes of its monthly meetings on the Wednesday of the second week after the meetings take place.
The reasons for the decision are explained in the letter from the Governor to Giles Radice, chairman of the Treasury Committee. The Treasury Committee recommended in a report published on 17 July that "the MPC should give serious thought to whether the minutes can be published earlier insofar as this can be done without lowering the quality of the minutes themselves or the quality of the debate they encapsulate."
To accompany the minutes we also make available a "Glossary and other information" page (see Related Links).