Monetary Policy Committee meetings
Members are briefed on the latest data and analysis on the economy by our staff. The briefing includes a report on business conditions around the UK from our agents.
Members discuss the most recent economic data. The meeting is normally held on the Thursday a week before the announcement.
Members debate what monetary policy action to take. The meeting is normally held on the Monday before the announcement.
The Governor recommends the policy he believes will be supported by the majority of MPC members and the members vote. The meeting is on Wednesday that week.
The MPC’s decision reflects the votes of each individual member, rather than a consensus of the committee. If there is a tie, the Governor casts the deciding vote. Any member in a minority is asked to say what stance of policy they would have preferred.
We publish the MPC’s decision with the minutes of the meetings at 12 noon on Thursday of that week.