October 20, 2021
Markets

EXCLUSIVE Bank of England ends closed-door policymaker briefings with banks

Flowers in bloom are sen opposite the Bank of England, in London, Britain August 1, 2018. REUTERS/Peter Nicholls

  • BoE to end off-the-record briefings with private firms
  • Scrutiny grows of links between central banks and finance
  • U.S. Fed and ECB have also been under spotlight

LONDON, Oct 13 (Reuters) – The Bank of England will no longer hold off-the-record briefings between policymakers and individual private sector firms, it told Reuters on Wednesday, as scrutiny over the links between central banks and finance grows.

The move, a permanent step aimed at improving the transparency of the BoE’s market intelligence gathering operations, follows growing concern about similar practices at other central banks.

It represents another step in lifting the veil which hangs over the sometimes secretive world of central banking and a further break from the BoE’s image of decades and centuries past, when…

Read full article here: www.reuters.com