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Central bank heads agree on consensus, but reject groupthink

French, Nigerian and Swiss chiefs discuss their diverse approaches to monetary policy decision making

Emmanuel Moulin, Martin Schlegel and Olayemi Cardoso
Left to right: Emmanuel Moulin, Martin Schlegel and Olayemi Cardoso
Central Banking montage/Sérgio Garcia/P Dutto/Lucy Stewart

Leaders of the French, Nigerian and Swiss central banks shared their approaches to committee-based monetary policy decisions, and how such decisions should be communicated, on a panel before a global audience of economic policy-makers.

The discussion, which took place at the International Monetary Fund’s annual meetings in Bangkok on October 14, was moderated by the institution’s first deputy managing director Dan Katz.

A monetary policy decision is the end point of a very long processMartin

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