When a Governor speaks frankly, the market responds positively: When a Governor of a central bank speaks like a Governor, he is sure
to receive two types of response. His candid speech will build private
citizens’ confidence in central bank actions which in turn helps the
Government in power to attain its growth objectives. But it could also
anger his political masters if they are just concerned with short-term
political gains and not about long-term sustainable economic
achievements. Read more>>>
