Bernstein sounds warning to new Danish government
The governor of the National Bank of Denmark, Nils Bernstein, has said there is "no reason to stimulate economic activity via fiscal policy," in a clear warning to the new government not to meddle with the economy.
In his statement given as the national bank's Monetary Review, 3rd Quarter 2011 was released on Tuesday, the governor gave a clear message to the new government to step back from election campaign plans to offer economic stimulus.
He said: "The Danish economy has been recovering for
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary Policy
RBA’s Bullock says economic activity is stronger than expected
Australian central bank sees second-round effects as businesses pass cost rises on
The ECCB’s Timothy Antoine on currency union, cooperation and DCash 2.0
The ECCB governor speaks with Christopher Jeffery about maintaining a currency zone, addressing climate and cyber risks, the decline in correspondence banking and lessons learned from issuing a retail CBDC
Incoming New Zealand government pledges to return to single price stability goal
New coalition government agrees to amend central bank laws to remove RBNZ’s dual mandate
Turkish central bank raises rates above market expectations
MPC hints it may be near end of tightening cycle despite continuing high inflation
Nigerian central bank again postpones policy meeting
CBN has not held policy meeting since May despite 10 months of rising inflation
PBoC increases liquidity as China acts on local debt
Central bank may cut lenders’ reserve requirement ratio soon, analysts say
BoE unveils monetary policy shocks database
Data reveals change in markets’ focus since introduction of “Super Thursdays”
Crisis-stricken Israel has faith in central bank
Economists tell Central Banking the government must radically change fiscal priorities