Norges Bank's Olsen sees dangers in too much transparency
There are limits to how transparent the Norges Bank should be, according to its governor, Øystein Olsen, who believes the central bank has had a "good experience" using forward guidance but is wary of giving "too much detail" to the public.
Since 2005 Norges Bank has published a forecast for the future path of interest rates, a practice also employed by the Reserve Bank of New Zealand. Olsen told Central Banking this policy has helped ensure the central bank's reaction function is "well
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