Un document sans concession d’ING

https://think.ing.com/articles/listen-forward-guidance-or-forward-garbage

Central banks like to tell us what’s going to happen with the economy and monetary policy, but with a forecasting track record that is often worse than markets, should we even listen? 

In this podcast, Rob Carnell, ING’s Regional Head of Research in Asia, argues that forward guidance is an ineffective policy tool because central banks are no better at forecasting than anyone else and often do an inferior job to the collective wisdom of financial markets.