BOE: CCBS Conference due to begin at 9:45BST
Jun-25 08:38
- Today and tomorrow the Bank of England will host its CCBS Conference with the title of "Transforming monetary policy – How should we think about uncertainty and risks?" The main gist of the conference will be following on from the Bernanke review and will provide external perspectives to the BOE on how other central banks produce their forecasting materials and communications.
- More importantly, it will likely provide updates on how the BOE has progressed with the process of making changes to its forecasting processes and models and in that sense it won't just be the MPC members speaking that we will be paying attention to through the conference.
- Opening remarks are due from Deputy Governor Lombardelli and CCBS Director John Power at 9:45BST.
- Chief Economist Pill chairs the keynote at 10:00BST on conditioning assumptions and monpol comms with MIT Professor Athanasios Orphanides.
- There is then a talk on forecast accuracy and efficiency at the BOE at 10:45BST and on CB modelling an forecasting using AI (from a Bank of Spain Economist).
- After lunch at 13:30BST there is another keynote on Riksbank communications with First Deputy Governor Breman and chaired by BOE Deputy Governor Lombardelli and then a talk on modelling and forecast from a Norges Bank Senior Advisor.
- From 15:30 onwards there is a panel on best practice in forecasting for monpol purposes before a talk from the BOE's Lead Economic Analyst for Monetary Analysis Sumer Singh on DSGE modelling.
- The agenda for tomorrow and the rest of the conference is here.
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