This in its turn has led to a significant reorganization of the Policy Board, through which the Bank makes monetary policy decisions independently, and the Bank marked a new start with a completely new governing structure. The transparency of the Bank’s policy conduct was also improved by the publication of the minutes of every Monetary Policy Meeting (MPM) of the Bank’s Policy Board.
Any visitor to the Bank’s Web site can see that, in addition to the minutes, a significant amount of information is being released including reports of the Governor’s press conferences, texts of speeches given by senior officials, and an abundance of research materials detailing the background to policy decisions.