Central bank heads agree on consensus, but reject groupthink

Left to right: Emmanuel Moulin, Martin Schlegel and Olayemi Cardoso

Leaders of the French, Nigerian and Swiss central banks shared their approaches to committee-based monetary policy decisions, and how such decisions should be communicated, on a panel before a global audience of economic policy-makers.

The discussion, which took place at the International Monetary Fund’s annual meetings in Bangkok on October 14, was moderated by the institution’s first deputy managing director Dan Katz.

A monetary policy decision is the end point of a very long processMartin

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