2026-05-08

Market Participants Group Terms of Reference

The Bank of England establishes the Terms of Reference for its Market Participants Group (MPG), a senior forum designed to channel direct, confidential market intelligence from up to 18 named financial firms to Monetary Policy Committee members. The framework mandates in-person attendance, quarterly meetings chaired by the Governor, and a structured rotation system to ensure diverse expertise while requiring members to strictly observe competition law and data protection obligations. High-level, non-attributable minutes will be published daily to maintain transparency without compromising the confidentiality of competitively sensitive information shared during discussions.

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Bank of England

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