The mandate is narrow by design.

We cover seven institutions and their formal communications: the Federal Reserve, the European Central Bank, the Bank of England, the Bank of Japan, the People's Bank of China, the Bank for International Settlements, and the International Monetary Fund. A small number, deliberately. Narrow coverage is the price of accuracy.

Where secondary institutions — the Swiss National Bank, the Reserve Bank of Australia, the Bundesbank as distinct from the ECB — issue statements that materially affect the primary mandate, they are cited in footnotes rather than elevated to feature coverage. The hierarchy is editorial, not political.

Observation precedes interpretation.
Interpretation is not our task.

Each bulletin is prepared by two correspondents working independently, then reconciled by a third. Discrepancies are noted; judgement is suspended. The reader is furnished with the primary quotation, the institutional source, the timestamp of release, and the formal context — nothing else.

We do not editorialise. We do not rank announcements by market impact. We do not speculate on forthcoming decisions. When a central bank is silent, we record the silence; when it speaks, we reproduce the exact phrasing. This discipline is what our readers pay for.

A specimen entry —
selected for its ordinariness.

The following is a full reproduction of Bulletin N° 00408, filed the morning of the twenty-seventh of March. It is unremarkable, which is precisely why it is shown here. Most of what we publish is unremarkable on the day of publication and consequential only in aggregate.

Selected figures, as of the last reconciled bulletin.

The figures below are drawn from the most recent communications of the covered institutions. They are provided without comparison to consensus expectations, which are elsewhere.

The publication does not rest.

A bulletin is filed every calendar day, irrespective of national holiday, weekend, or religious observance. On days when no covered institution has communicated, the bulletin records the silence explicitly — a terse entry noting the absence of release, which is itself an informative fact.

The obligation is unconditional. Markets are not closed on Sundays everywhere in the world; policy is drafted on Saturdays; announcements are released on public holidays with remarkable frequency. A daily record that permits exceptions is not a daily record.

Read by those whose signatures settle.

Our readership is not measured by impressions. It is measured by institution. The ledger is on the desk of chief investment officers at four of the ten largest sovereign wealth funds; at treasurers of the largest dollar-denominated corporate issuers; at fiscal counsel in four finance ministries; at the desks of senior economists in multilateral organisations we would not name here.

We do not disclose the reader list. It is not marketing copy; it is a matter of trust. We mention the composition only to clarify who the publication is for, and by implication who it is not for.

Access is by application.
Applications are reviewed Fridays.

An institutional email address, a verifiable title, and a single sentence describing the intended use are sufficient. Applications are reviewed in batch each Friday by the editor. We decline more than we accept, and we do not explain declinations.

There is no trial. There are no tiers. There is no referral bonus. The subscription is priced at a figure that is trivial for institutions and a deliberate signal against casual readership.

The archive is permanent,
unamended, and searchable.

Every bulletin ever published is retained in the archive exactly as it was filed, including any superseded figure and any clerical imperfection. Corrections are appended; they are never substituted. The archive is the instrument of accountability and must therefore be preserved without editorial hand.