Introducing the Central Bank Credibility Index (CBCI)

Whisp is excited to announce the launch of the Central Bank Credibility Index (CBCI), our first research-oriented publication produced in conjunction with Z/Yen, a leading think tank and consultancy based in the City of London. Z/Yen is globally recognized for their innovative publications, including the quarterly Global Financial Centres Index.

The CBCI ranks the world's central banks based on their credibility and accuracy of forecasting, using proprietary machine learning and natural language processing processes for claim extraction. Our method involves analyzing Financial Stability Reports and examining how the banks' forecasts hold up against market data. The CBCI examines long-term data, with reporting spanning the 2008-2022 period.

Central banks play a crucial role in the global economy, and the accuracy of their forecasts can have significant impacts on financial markets and the lives of people around the world. In the past, central bankers have often acted with impunity in the production of long-term estimates, with the assumption that these forecasts will not be re-examined. With the publication of the CBCI, Whisp reaffirms our commitment to fostering greater transparency and accountability in the digital world and beyond.

We believe that the CBCI will provide valuable insight into the credibility of central banks and help investors and policymakers make informed decisions. By highlighting the accuracy of central bank forecasts, we hope to encourage greater transparency and accountability in the financial industry. We look forward to sharing the results of our research with the public and contributing to important discussions in the realm of global finance.

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