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Central Banks Are Right When They Say No One Understands Them

Study shows Britons’ knowledge of the Bank of England is sparse
Bloomberg business news
Forward Guidance to Remain a Central Bank Policy Tool
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Central banks have been talking a lot about the need for clear communication with the public lately, and they may have a point about how that could improve their standing.

A working paper published by the Swiss National Bank this week analyzed survey data from its U.K. counterpart and found that the average Briton’s knowledge of what the Bank of England does is pretty sparse.