Central banks could reduce uncertainty and be held better to account if they went further with their transparency, economist Tony Yates said today (October 2).

While many central banks, including his former employer, the Bank of England, had made progress with transparency in recent years, communication around monetary policy was still “unnecessarily vague”, Yates told a conference in London.

Taking the BoE as his example, Yates noted senior officials had recently taken to “yield curve talking