Andrew Haldane, executive director for financial stability at the Bank of England (BoE), has said the central bank's communications underwent a "transformation" over the past 20 years, with further improvements in transparency to come.
Twenty years ago, Haldane said, there were no inflation reports or financial stability reports, and "certainly no press conferences to accompany both". The Bank of England did not publish the minutes of the meetings of the Monetary Policy Committee, he added.
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