More from BoE's Broadbent: (on fwd guidance) - traders should grow the **** up

Author: Eamonn Sheridan | Category: Central Banks

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. 
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Forward guidance is meant to help indicate the likely future path for central bank interest rates. 


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