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CB Governor makes sense of what predictability is for those who complain of its lack - Breaking News

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Editorial: 'Carrot and stick' approach on interest rates will continue in 2024

The role of a central bank is to take away the punch bowl while the party is in full swing. The spoilsport approach is aimed at preventing the night ending with a hangover. In fiscal terms, this is the economy overheating and crashing. The trick is to convince the guests to moderate their exuberance as the alcohol is not coming back. The problem is they can spot your bluff and everyone knows thereโ€™s a bottle of whiskey under the table. The behaviour might not moderate in the expectation the dr...
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