In the first three days of this process, the Governing Committee has discussed with the staff and MPC: current economic and market developments; an initial set of economic projections; key risks and judgements that make up the projections; and a number of alternative scenarios and policy options.
This is supplemented by a range of additional information relevant to the policy outlook, including information on trends in household and business credit and unobservable variables like the output gap, inflation expectations and the neutral interest rate. Particular effort has been made over these three days to ensure a diverse range of views and opinions have been heard.