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Bernanke Says BOE Has Shown Interest in Idea of Rate Projections
Ben Bernanke said there is growing interest within the Bank of England over publishing its own interest-rate projections, one of the strongest signals yet that the central bank is mulling a major communications shake-up. The former Federal Reserve chair said on Wednesday he would be “disappointed” if the BOE did not consider releasing a preferred path for rates and offered to help with any review of the policy. It suggests that the UK central bank is considering a major shift in how it communicates future policy to investors and households after Bernanke’s review of its forecasting and messaging. “I think ... (full story)