Forex Dictionary

MPC Rate Statement

MPC Rate Statement

Usual Effect More hawkish than expected = Good for currency; Frequency Monthly; FF Notes This is a "Tentative" event because the statement is not issued if the rate doesn't change (except under extreme conditions). If the statement is not issued this event will be removed from the calendar immediately following the release. If issued, the Tentative mark will be removed; Acronyms Bank of England (BOE), Monetary Policy Committee (MPC); Why Traders Care It's one of primary methods the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates, commentary about the economic conditions that influenced their vote, and most importantly, clues on the outcome of future votes;