John Taylor offers way out of downward interest rate spiral

John Taylor
John Taylor

Central banks worldwide may be able to pull out of a downward spiral in interest rates if they return to a more "rule-like" method for setting policy, according to Stanford University professor John Taylor.

In an interview with Central Banking, Taylor sets out his ideas for how central banks pursuing a systematic and transparent approach to policy-making could stabilise the global monetary system.

Taylor says the current situation, with central banks straining to cut rates ever lower, has some

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