RBNZ: Wheeler to cut, to advise, to encourage, and to warn
Central bank governors are, effectively, the constitutional monarchs of economic policy.
NBR Political & Economics Editor Rob Hosking breaks down the week ahead on NBR Radio and on demand on MyNBR Radio.
Mon, 07 Sep 2015
Central bank governors are, effectively, the constitutional monarchs of economic policy.
That is, a lot of their role is “to advise, to encourage and to warn,” to borrow the phrase used by UK 19th century constitutionalist Walter Bagehot about the role of the monarch.
Advice, encouragement, and
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