Confirmation of new BOE bill approves reducing MPC meeting to 8 a year

  • Meeting will be reduced to 8 from 12

  • BOE will now be under the purview of the National Audit Office value for money studies

  • Carney says that the legislation will ensure the bank can operate more effectively

I can't remember when the 8 meeting rule will kick in ;-) (I'd better put a wink in in case people think I'm being serious).