Turn-up. Eat lunch. Swap a few pleasantries with the other people in the room, leave interest rates on hold, and then collect a cheque on the way out. I am starting to wonder why I can’t have a job on the Bank of England’s Monetary Policy Committee. It certainly doesn’t look terribly difficult.
This week, the Bank is making a change to its usual routine. Instead of just announcing the latest monthly decision on rates, it is also releasing a vast amount of fresh information on the economy, in a move that the media have already dubbed ‘Super Thursday’, presumably on the grounds that unlike plain old ordinary Thursdays, City journalists and economic pundits will have lots of new data and forecasts to play around with.
But the real ‘Super Thursday’ will not involve more data, or a few more forecasts.
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