Former BoE division head calls for greater focus on trust
Ex-macro-pru official says policy-makers need to monitor public’s confidence in central banks
Public trust in central banks is declining and should be more closely assessed by policy-makers, a former division head at the Bank of England tells Central Banking.
David Aikman, who served as the technical head of the BoE’s macro-prudential policy division from 2002 to 2020, notes that trust in central banks has taken “quite a big hit” in recent years. Inflation in the UK has damaged the BoE’s reputation, he says, while political attacks have eroded trust in the US Federal Reserve.
Aikman, who
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