Monetary Policy Committee publication dates for 2016 and provisional dates for 2017

This news release provides more information on MPC publication dates in 2016 and 2017.
Published on 24 September 2015
Under current legislation, the MPC must meet and announce a policy decision at least once a month. Therefore, as shown in Table 1, the MPC has provisionally scheduled twelve meetings for both 2016 and 2017. 

However, the Government has announced that it proposes to introduce to Parliament in this session a Bank of England Bill which will include a provision to move the MPC to a schedule of eight regular meetings a year. To provide scope for such a change, the MPC published last December a provisional schedule for 2016 in which eight of the twelve annual meetings are spaced roughly evenly through the year with the intention that, if Parliament passes the proposed legislation to make the change, the MPC could drop the remaining four meetings once the law has changed. Those four meetings are provisionally scheduled for January, April, July and October. The remaining eight meeting dates would be unaffected by the switch. The provisional schedule for 2017 preserves this structure.

The MPC will meet on the first three of these provisional dates, in January, April and July 2016. Following the July 2016 meeting, the MPC will move promptly to the eight meeting schedule as and when the Bill has received Royal Assent and the provisions have come into force. So if that were to happen at any point before October 2016, then the meeting currently scheduled for that month would be dropped, as would the meetings currently scheduled for January, April, July and October 2017, as highlighted (*) in the table below. 

Table 1: Monetary Policy Committee publication dates for 2016 and provisional dates for 2017 1 2

Month                     

MPC Announcement and Minutes Publication 

Inflation Report Publication

 
January 2016  Thursday 14   
February 2016  Thursday 4  Thursday 4 
March 2016  Thursday 17   
April 2016  Thursday 14   
May 2016  Thursday 12  Thursday 12 
June 2016  Thursday 16   
July 2016  Thursday 14   
August 2016  Thursday 4  Thursday 4 
September 2016  Thursday 15   
October 2016 *  Thursday 13   
November 2016  Thursday 3  Thursday 3 
December 2016  Thursday 15   

Month                                       

MPC Announcement and Minutes       

Inflation Report Publication

January 2017 *  Thursday 12   
February 2017  Thursday 2  Thursday 2 
March 2017  Thursday 16   
April 2017 *  Thursday 13   
May 2017  Thursday 11  Thursday 11 
June 2017  Thursday 15   
July 2017 *  Thursday 13   
August 2017  Thursday 3  Thursday 3 
September 2017  Thursday 14   
October 2017 *  Thursday 12   
November 2017  Thursday 2  Thursday 2 
December 2017  Thursday 14   

1. Dates are subject to change.
2. As described in Annex 1 of the Bank’s 11 December 2014 report Accountability and Transparency at the Bank of England, the MPC will typically meet on the Wednesday immediately prior to the announcement and the preceding Monday and Thursday.

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