Dr Minouche Shafik, the Deputy Governor for Markets and Banking at the Bank of England, delivered a speech yesterday titled Goodbye ambiguity, hello clarity: the Bank of England’s relationship with financial markets: see here (pdf). Early on in her speech she identified her recurring theme: "... the days when 'constructive ambiguity' was seen as a helpful foil for central bankers are behind us. In today's complex and globalised financial system, Governors' eyebrows and fireside chats are no match for a clearly communicated framework in which information will be gathered and decisions made".
Friday, 27 February 2015
UK: 'Goodbye ambiguity, hello clarity - the Bank of England’s relationship with financial markets'
Dr Minouche Shafik, the Deputy Governor for Markets and Banking at the Bank of England, delivered a speech yesterday titled Goodbye ambiguity, hello clarity: the Bank of England’s relationship with financial markets: see here (pdf). Early on in her speech she identified her recurring theme: "... the days when 'constructive ambiguity' was seen as a helpful foil for central bankers are behind us. In today's complex and globalised financial system, Governors' eyebrows and fireside chats are no match for a clearly communicated framework in which information will be gathered and decisions made".
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