Forward guidance

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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.


3.

Similar statements by other bodies that set benchmark rates or prices, or regulated prices in markets.


See also