Haldane: BoE working to close ‘trust deficit’

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Andy Haldane

The Bank of England has rolled out several initiatives in recent years in an effort to regain a measure of trust with the UK public, and there are some signs it may be working, according to Andy Haldane.

In remarks delivered to a high school in Birmingham, the BoE chief economist said economists and central bankers suffer from a “twin deficits” problem – a deficit of trust and a deficit of understanding. The two reinforce one another.

When asked, members of the UK public tend to acknowledge th

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