BOE Adopts Amazon Management Style, Says Carney

The transcript discusses the evolution of data management and the role of machine learning in it. It highlights the importance of diversity in central banks, emphasizing cognitive diversity and the need to change traditional hierarchical decision-making processes. The speaker shares an example from Amazon, where meetings start with reading a concise memo to ensure everyone is aligned, suggesting this approach could improve decision-making in complex organizations like central banks.

What challenges does the central bank face in changing its hierarchical structure?

Describe the meeting protocol that the central bank is considering adopting from Amazon.