6 min
Bank of England uses 'out-of-date' software to make economic forecasts Walker Crips' Market Commentary
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- Investing
The former Chair of the US Federal Reserve, Ben Bernanke, has offered a candid assessment of the Bank of England's ("BOE") forecasting processes, highlighting shortcomings such as outdated modelling software and staff carrying out manual functions which could be automated. While providing recommendations for improvement, Bernanke stopped short of advocating major departures from the BOE's traditional approach to monetary policy, leaving such reforms for future consideration. As discussions within the central bank continue, the review marks a pivotal moment for reassessing the UK's monetary policy framework...
Stocks featured:
Centrica, Fresnillo and Rio Tinto
To find out more about the investment management services offered by Walker Crips, please visit our website:
https://www.walkercrips.co.uk/
This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange.
Hosted on Acast. See acast.com/privacy for more information.
The former Chair of the US Federal Reserve, Ben Bernanke, has offered a candid assessment of the Bank of England's ("BOE") forecasting processes, highlighting shortcomings such as outdated modelling software and staff carrying out manual functions which could be automated. While providing recommendations for improvement, Bernanke stopped short of advocating major departures from the BOE's traditional approach to monetary policy, leaving such reforms for future consideration. As discussions within the central bank continue, the review marks a pivotal moment for reassessing the UK's monetary policy framework...
Stocks featured:
Centrica, Fresnillo and Rio Tinto
To find out more about the investment management services offered by Walker Crips, please visit our website:
https://www.walkercrips.co.uk/
This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange.
Hosted on Acast. See acast.com/privacy for more information.
6 min