The way the Monetary Policy Committee (MPC) communicates has continuously evolved over the last few decades. In his speech, Gertjan Vlieghe argues the committee could improve its communications further by showing a forecast with its preferred future path of interest rates. He says this would be easier to understand, increase transparency and reduce communication challenges. He explains the strengths and weaknesses of the current approach and why and how it could be improved.
Published on 12 July 2019
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