More from BoE's Broadbent: (on fwd guidance) - traders should grow the **** up
Ben Broadbent, deputy governor of the Bank of England has said the UK economy is menopausal:
Maybe Broadbent is hitting the turps or something, 'cause he also says. in a separate Telegraph piece (may be gated):
- has no time for City workers whinging about the level of forward guidance the UK's central bank gives out.
- "I was in those same financial markets and it was my job. I have done it
- We're not going to spoon feed them meeting by meeting"
Straight talking from Mr. B. He was an economist at Goldman Sachs.
Forward guidance is meant to help indicate the likely future path for central bank interest rates.