Central bank thinking around the world has likely been radically changed as a result of the recent “Brexit” vote, a research report from Macquarie says, as they expect the central bank to come in and tamp down unwanted market volatility. Forget the fact that there is no concrete data point to determine the actual impact of a Brexit. The central bank is now responsible for keeping markets tranquil and safe.
A generally little discussed change in expectations regarding central bank "magic"
Central banks at one point in history were not required to shoulder the entire world’s economic problems on their back. Up until the point of recent excessive Setup a free account to get access to this article (no credit card required).Login required to continue reading.
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