LONDON: Markets are on alert ahead of the UK’s new economic touchstone, a Super Thursday of economic data.
From this Thursday, the monthly rate decision and the minutes of the Bank’s Monetary Policy Committee (MPC) meeting will be released together, without the normal fortnightly gap.
Many see the new date as similar to the US’s most important monthly release, the non-farm payrolls. But some say it is information overload. Both are key indicators for the whole economy.
Every three months Super Thursday will also coincide with the release of the Bank’s quarterly inflation report.
This lunchtime, the Bank of England is releasing these three core items of economic data.
