The recent debates at the Central Bank are not actually the main focus. Beyond issues related to restoring the structure, the real problem is the direction of monetary policy. Some circles are trying to force the Central Bank to cut interest rates - this needs to be stated clearly.
The stance of decision-makers on this issue is important. Powell's video statement is considered a consistent and correct step in this context. The message conveyed by maintaining the independence of the Central Bank perhaps provides the clarity that markets need.
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The recent debates at the Central Bank are not actually the main focus. Beyond issues related to restoring the structure, the real problem is the direction of monetary policy. Some circles are trying to force the Central Bank to cut interest rates - this needs to be stated clearly.
The stance of decision-makers on this issue is important. Powell's video statement is considered a consistent and correct step in this context. The message conveyed by maintaining the independence of the Central Bank perhaps provides the clarity that markets need.