Carney on Not Being Helpful

Mark Carney explains the Bank of England’s forward guidance…

“The thing about forward guidance is that it is guidance that is forward. Which isn’t to say it’s meant to be in any way accurate. Indeed, it would be surprising if it were. The most important thing about forward guidance is that the underlying economic determinants should be correct, not that it should be helpful.”

mdi-timer November 16th 2016 @ 7:32 am mdi-twitter mdi-facebook mdi-whatsapp mdi-email mdi-printer
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