Monetary policy is about robustness, not precision – panel
Uncertainty is no longer an exception but the norm, panellists tell Central Banking London Meetings
Setting policy rates is about keeping economies “robust” and not necessarily about hitting inflation targets precisely, panellists told the Central Banking London Meetings today (June 10).
The attendees included a deputy governor from a European national monetary authority and an official responsible for risk management at a west Asian central bank. The panel was moderated by a former deputy governor of a central bank in Europe.
The two panellists agreed that supply shocks had become larger, more
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