Bailey hints at possible outcome of Bernanke review
Bank of England may present range of scenarios around central forecast
Bank of England (BoE) governor Andrew Bailey has hinted that a review of its forecasting process could lead to greater use of scenarios as a communication tool.
Bailey told the UK parliament’s Treasury select committee today (February 20): “The question is, are there better ways of conveying the range of views than we have at the moment?”
Former US Federal Reserve chair Ben Bernanke is currently writing up the findings of his review into the BoE’s forecasting process. He spent time at the UK
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