BoE unveils plans for enhanced data gathering
Improved data will allow better policy and improved benchmarks
The Bank of England (BoE) is to begin gathering data on overnight rates in sterling money markets, as part of efforts to enhance financial and monetary policy-making, and strengthen interest rate benchmarks.
A consultation document published today (July 30) proposes the central bank's approach to gathering transactions data from banks, building societies and major investment firms that are active in overnight money markets.
A primary part of the BoE's monetary policy-making is to influence
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