Central banks should personalise communications – BoE’s Haldane
Explaining how monetary policy affects the lives of everyday people could help bridge trust gap
The Bank of England’s chief economist has said it is time for central banks to take a more personal approach when it comes to explaining the distributional impacts of monetary policy, proposing a system of “scorecards”.
Speaking today (April 10), Andy Haldane acknowledged the general public has taken a greater interest in how monetary policy affects GDP growth following the financial crisis.
“Interest in these issues has sometimes spilt over into sharp criticism of central banks’ actions,” he
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