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Comment: Transparent monetary policy

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The "transparency revolution" in modern monetary policy is little over a decade old. Just recently, some commentators have started to ask whether this development can go too far. Although it certainly could in theory, it probably hasn't yet.

COMMENT BY CENTRALBANKNEWS

In a report this week by Tony Hughes, director of Asia-Pacific economics for the rating agency Moody's research arm, Economy.com, suggests that the US Fed and the Bank of Japan may have become too transparent over the future change

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