- Forward guidance is an evolution in BoE's policy-making; Bank aims to be more explicit.
- Guidance useful as central banks move towards stimulus exit.
- Fed tapering reaction shows communication importance.
- Not surprised by long gilt response to Fed.
Analysis details (20:04)
- As a guide, Charles Bean is the current Bank of England Deputy Governor. He has a dovish stance.
23 Aug 2013 - 17:53 - Fixed Income Bank Speaker - Source: CNBC
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