Bernanke urges Bank of England to debate publishing rate projections

Former Fed eral Reserve Board Chairman Ben Bernanke discusses "10 Years After the Global Financial Crisis" in Washington, U.S., September 12, 2018. REUTERS/Joshua Roberts/File PhotoMay 15 - Former U.S. Fed eral Reserve chair Ben Bernanke said on Wednesday he would be "disappointed" if the Bank of England did not debate the possibility of publishing its own projections for the likely path of interest rates.

He stopped short of recommending that the BoE adopts rate projections, given the "very consequential" nature of such a move, but he told British lawmakers that he hoped a debate would happen. "I would be disappointed if the Bank did not seriously review the possibility at some point in the next couple of years."

On the plus side, Bernanke said rate projections were a powerful form of forward guidance for investors.

Source: Loan Digest (loandigest.net)

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