Haldane: BoE working to close ‘trust deficit’
BoE chief economist says mix of approaches is helping engage more people
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
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