Recommendations from former Fed Chairman Bernanke:
The BoE is expected to reduce the importance of its central forecasts based on market expectations for interest rates.
Fan charts should be eliminated and uncertainty conveyed in a more qualitative way.
Central forecasts should be supplemented by thematic scenarios.
The Bank of England’s main forecasting model is set to be replaced or completely overhauled.
The BoE’s gradual quarterly forecast updates could slow the recognition of larger structural changes.
cnbctv18-forexlive
