When a Governor speaks like a Governor.....

Central Bank Governor Dr. Indrajit Coomaraswamy

Monday, 9 January 2017

When a Governor speaks frankly, the market responds positively

When a Governor of a central bank speaks like a Governor, he is sure to receive two types of response. His candid speech will build private citizens’ confidence in central bank actions which in turn helps the Government in power to attain its growth objectives. But it could also anger his political masters if they are just concerned with short-term political gains and not about long-term sustainable economic achievements.

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