Will new reforms lift the veil of secrecy at the Bank of England?


Transparency, while certainly not the watchword for every central bank in the world – perhaps not even the majority – can provide significant benefits to the efficiency with which policy is transmitted to the economy. People who are better informed are better able to judge the quality of central bank actions, predict how policy will respond to shocks and trust that a central bank meets its goals through knowledge and skill, rather than through blind luck. Transparency is also one of the few ways