Central bankers give mixed review of BoE forward guidance

bank-of-england-web

When the Bank of England (BoE) introduced a "second phase" of forward guidance, it was admitting that its first attempt was a failure, according to a majority of respondents to the latest CentralBanking.com poll.

Initially, the BoE's Monetary Policy Committee (MPC) pledged to keep its existing policy stance – Bank Rate at 0.5%, stock of asset purchases at £375 billion – at least until unemployment fell to 7%.

The Bank of England began its forward guidance policy in August last year. By November,

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: