Andrew Bailey governor Bank of England an unreliable boyfriend
Bailey’s joke that it was “compulsory for the Bank of England governor to be an unreliable boyfriend” doesn’t seem to have gone down well. It’s fair to say that the volatility of the last few weeks was created by investors — but at least in the case of the BOE, this was driven by reasonable inferences from what Bailey himself had said.
John Authers Bloomberg 5 november 2021
Bailey fuelled expectations of a rate rise last month by saying the BoE “will have to act” to tackle surging inflation
people should continue to heed his words even though he acknowledged that his comments last month about taming inflation had been “truisms” and therefore empty of meaning.
https://www.ft.com/content/ff1c58c9-f531-4f84-b3a3-a4b41b738ed2
While central bankers often say they are not there to help hedge funds make money, market participants often do not believe them. This demonstrates they should.
Alan Greenspan, chair of the Federal Reserve from 1987 to 2006, was sphinx-like in his comments. As he once famously remarked: “I know you think you understand what you thought I said but I’m not sure you realise that what you heard is not what I meant.”
FT 12 November 2021
https://www.ft.com/content/01f0d940-9a59-4085-91cc-f9bdc6fd07ec
Alan Greenspan at IntCom
https://internetional.se/assetpricebubbles.htm
Centralbanker skall INTE vara förutsägbara. Basel-banken stöder Englund.
https://englundmacro.blogspot.com/2014/03/centralbanker-skall-inte-vara.html
Kommentarer