Pantheon Macroeconomics - Economists refer to two different types of forward rate guidance by central banks: Delphic and Odyssean. The former describes a "normal" situation, in which the central bank follows a transparent rate-setting rule allowing markets to forecast what it will do, based on the flow of economic data.

Eurozone | 21 Jan 2020 A Tale of Why the ECB is Different from Most Other Central Banks
Economists refer to two different types of forward rate guidance by central banks: Delphic and Odyssean. The former describes a "normal" situation, in which the central bank follows a transparent rate-setting rule allowing markets to forecast what it will do, based on the flow of economic data.

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21 Jan 2020 A Tale of Why the ECB is Different from Most Other Central Banks

By Claus Vistesen

Economists refer to two different types of forward rate guidance by central banks: Delphic and Odyssean. The former describes a "normal" situation, in which the central bank follows a transparent rate-setting rule allowing markets to forecast what it will do, based on the flow of economic data.

Posted: 21st Jan 2020 in 'Eurozone'

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