The Bank of England has just launched its own staff blog: Bank Underground. The Managing Editor is John Lewis and the blog is where the staff can air their views as part of the Bank of England becoming more open to the outside world.

The first two posts are up:  one looking at how the lower bound on policy rates affects the risk of deflation, and the other is on how driver-less cars might radically reshape the insurance industry. The aim is to publish two or three posts a week and the content seeks to span the whole range of the Bank’s analytical work- regulation, financial stability, monetary policy, macroeconomics, supervision, banknotes, markets, resolution and more besides.

Well,this looks like a worthwhile central banking initiative.  Welcome aboard!

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