Haldane embraces idea of ‘citizen councils’ to support BoE’s work
Chief economist hopes the initiative will facilitate a “two-way dialogue”
Andrew Haldane highlighted the benefits of “citizen councils” in a speech on March 6, an idea recommended to the Bank of England that it now plans to implement in full.
The BoE chief economist said the central bank would establish the councils via its network of agents, to create a “two-way dialogue”. The strategy is intended to form a central “plank” of the BoE’s engagement strategy in the coming years.
“This is, for the bank, the next rung in our ascent of the engagement ladder,” said
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