Sunday, August 28, 2011

Manou Re-explains BOM's Role To Mexa

Which is the pursuit of price stability. The Governor also enumerated how the Central Bank has been assisting economic operators as of late. He also explained the consequences on our public finances of doing what the Swiss National Bank did to try to counter appreciation of the Franc. That was on Thursday.

In a similar vein Fed Chairman remarked on Friday that US public finances could spin out of control if current fiscal policies are not reviewed. Put differently it will make them overdependent on unrealistic growth rates.

1 comment:

akagugo said...

This victim also deserves some explaining. And Manou should now walk the talk in capping spreads ASAP before other victims start rearing their ugly heads.