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- Title
Boring bankers -- should we listen?
- Abstract
In this speech, Richard Lambert, member of the Bank’s Monetary Policy Committee, discusses the importance of good communications to modern central banks. Effective communication is very relevant at times like the present, when inflation is subdued and nominal interest rates are low. He argues that the way in which a central bank seeks to influence public expectations is determined by its history and its structure. Considering various suggestions that have been put forward for changes to the Bank of England’s communications policy, he discusses the recent messages the Bank has been sending to the public. He concludes that there might be room for the Bank to build yet more public support for price stability by seeking to communicate to a broader range of audiences.
- Subjects
UNITED Kingdom; BANK of England; LAMBERT, Richard; CENTRAL banking industry; INTEREST rates; PRICE inflation; PRICES
- Publication
Bank of England Quarterly Bulletin, 2004, Vol 44, Issue 2, p241
- ISSN
0005-5166
- Publication type
Article