King sees “room for improvement” in Bank’s communication
Mervyn King, the governor of the Bank of England, on Monday acknowledged "room for improvement" in the way the central bank communicates its economic forecasts.
The acknowledgement follows criticism of the Bank's policy of displaying its inflation and growth projections in the form of fan charts. In a lecture delivered in London, King insisted that the Bank's fan charts were wrongly maligned, saying the charts had been "helpful in communicating the big picture that the MPC needs to get across,"
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