SNB's Jordan: 'Transparency can be counterproductive'
More transparency in central banking is "not necessarily better in every case", according to Swiss National Bank (SNB) chairman Thomas Jordan, and on some occasions can even be "counterproductive".
Jordan believes "the quality of decision-making would suffer" on the SNB's governing board if it began publishing minutes from its meetings, and that forward guidance "could easily lead to confusion" in financial markets.
Central banks have been experimenting with different forms of communication in
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