Podcasts10 December 2020
Listen: Forward guidance - or forward garbage?
Central banks like to tell us what's going to happen with the economy and monetary policy, but with a forecasting track record that is often worse than markets, should we even listen?
In this podcast
In this podcast, Rob Carnell, ING's Regional Head of Research in Asia, argues that forward guidance is an ineffective policy tool because central banks are no better at forecasting than anyone else and often do an inferior job to the collective wisdom of financial markets.
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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more