The Bank of England (BoE) today unveiled what governor Mark Carney called the most significant changes to how the central bank presents its interest rate decisions since the formation of the monetary policy committee (MPC) in 1997.
The package of changes follow from the ‘Warsh Review', which was published today. Conducted by Kevin Warsh, a former governor at the Federal Reserve, the review outlined a number of ways in which the BoE could improve its transparency. The central bank has said it wil
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