BoE’s MPC should publish individual rate forecasts – Taylor
Newest committee member discusses r* and calls for greater transparency around forward guidance
Rate-setters at the Bank of England should make their estimates of future policy rates more visible to the public, a member of its monetary policy committee (MPC) has argued.
In a lecture at the London School of Economics on July 4, Alan Taylor, the MPC’s newest member, called for his team to become more transparent.
“We are well-served if we publish [our rate paths],” he said. “We’ve got a committee, we have a range of views and it’ll be good for everyone to see that range.”
The BoE does not
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