BOE's Ramsden and Saunders now on the mic
- No central bank can give unconditional forecast
- Sees risk that forecasts are seen as promises
- Might be useful to talk about where neutral level of interest rates is
That's pretty much the opposite of what Vlieghe was advocating for earlier with his comments. But probably the more sensible approach. Just look at how the BOJ has had to back peddle with the whole thing on the fiscal year 2019 target.
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