Haldane admits BoE communications can be ‘impenetrable'

andrew-haldane-2012
Andy Haldane

The Bank of England (BoE) has drastically upped the number of words it publishes in recent years, but the UK public remains confused about what exactly it does with its time, chief economist Andy Haldane said on May 18.

During a wide-ranging speech on how to rebuild trust in finance, Haldane admitted the BoE's more-is-better approach to transparency may not be working as well as it could.

Information published on policy decisions has gone from a few hundred words to over 30,000 since he joined

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