Those who complain that central bankers in North America say too much might be happier in Norway.
The Norges Bank explained this week’s decision to leave interest rates unchanged in 175 words, packed tightly into three paragraphs. “Overall, new information indicates that the outlook for the policy rate for the period ahead is little changed since the June report,” governor Øystein Olsen said. “The global risk outlook entails greater uncertainty about policy rates going forward.”
What else is there for a central banker to say, really?
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