Central bankers are likely to miss important trends if they fail to account for changes that show up only on a micro level, the Bank of England's (BoE) deputy governor for monetary policy, Ben Broadbent, warned on September 23.
Broadbent approached the problem from the perspective of unemployment, which has been falling in recent years without being accompanied by significant pay increases. As the BoE noted in its May inflation report, part of this seems to be due to "compositional factors" – na
- Uruguay’s digital currency pilot ‘close to launch’, says governor
- Central banks will be using blockchain by 2019 – research
- Central banks may be thinking wrongly about inflation – Borio
- Nigerian state uses central bank as ‘piggy bank’ – MPC member
- European Commission announces supervisory agency reforms