Lithuanian central bank gov on the wires hot on the heels of my John Hearn post
- monetary policy can't change outlook by itself
The mantra of monetary policy needing reforms to go with it continues
" Global economic development is still sluggish and uneven, projection indicators are going down and nervousness in financial markets is noticeably increasing"
In order for these signals of mistrust to not become a self-fulfilling prophecy, institutions must immediately focus on well-coordinated and, most importantly, effective actions"
Accommodative monetary policy of central banks significantly adds to economic recovery and sparks optimistic hopes. However, if national and international institutions will not take additional measures, we can not expect that the situation will change substantially"
Full article from the central bank website here
