Are Central Bankers Losing The Plot: “The SNB Move Signals A Spectacular Loss Of Nerve”
by Tyler Durden
ZeroHedge.com
01/21/2015
As we have reiterated very frequently over recent years, the biggest vulnerability in the post crisis environment was that central banks start to make policy errors, by taking activist and precipitous decisions. Thus following on from last year’s error by Norges Bank (and noting that we would not call last week’s SNB decision a mistake, despite the shockwaves that it caused), the Bank of Canada joins that policy error club.
The Rest…HERE
