We also include, in our MPC statements, the preferences of the different MPC members, which should help analysts to understand which decisions are finely poised and which are more straightforward. With a four-two spilt in July and a three-three divide in September, it should have been reasonably clear to observers that monetary policy was not on a predetermined course.
While a supervisory system which is fully or largely compliant with Basel Core Principle 6, which incorporates Basel I as the capital adequacy standard, is considered necessary for moving to Basel II, the assessments reveal that about 37% of these countries had not complied with this Core Principle. The remaining countries were at various stages of compliance.