Former chair of the Federal Reserve Ben Bernanke, who headed the central bank during the Global Financial Crisis, will lead the review into forecasting at the Bank of England.
Supported by the bank's Independent Evaluation Office, Bernanke's review aims to "develop and strengthen" the BoE's support for the Monetary Policy Committee's approach to forecasting and monetary policy making in times of uncertainty. The review will consider both the role of the forecast and how the procedures and analysis support the MPC's deliberations and decision making. Bank of England's Ramsden reflects on QT and suggests when more may be needed Full terms of reference will be published "in due course", with the review set to begin in summer 2023 and conclude in 2024, with ...
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