Forward guidance

1.

Statements issued by the Bank of England's Monetary Policy Committee (MPC) designed to:

• Help people to "understand how the MPC sets interest rates"
• Thereby help households and businesses to "plan their spending and investment with more confidence".

Forward guidance was first used in 2013.

2.

Similar statements by other central banks.

See also

• Bank of England
• Central bank
• European Central Bank
• Inflation target
• Monetary Policy Committee
• Official Bank Rate