“Why do central banks do what they do?”
What could the South African Reserve Bank do that would be a fool’s errand that will end badly for the country? In “Why do central banks do what they do?” top trader Andrew Kinsey takes on central banks for being far more contentious than they should be. Instead of being boring and sticking to laudable goals such as maintaining price stability, they have spent the past decade meddling where they shouldn’t, with all sorts of distorting effects. Copying what the US Federal Reserve, the Bank of Japan or the European Central Bank do isn’t necessarily what we should be doing. For those exposed to these jittery financial markets this is yet another valuable insight to heed.
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