Is the MPC's Voting Record Informative about Future UK Monetary Policy?
研究发现英国央行货币政策委员会的投票记录有助于预测未来政策利率变化，且市场预期会据此调整，表明公布会议纪要增强了政策透明度。
Abstract It is shown that the voting record of the Monetary Policy Committee of the Bank of England helps predict future policy rate changes. This result is robust to the inclusion of market participants’ expectations as measured by the slope of the term structure of money market rates and interest rate futures. Moreover, expectations seem to adjust to the information contained in the voting record, which suggests that publishing the minutes of MPC meetings increases the transparency of monetary policy.