– “How does the central bank decide on interest rate? By taking all the data together and using a formula?”
– “This is art, not science.”
(The Governor of the Central Bank of Israel Karnit Flug reveals the secret of monetarism and economics of central banking, September 14, 2016)
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No English version?
Vipul Vivek
On 15 Sep 2016 4:20 a.m., “Economic Sociology and Political Economy” wrote:
> Oleg Komlik posted: “- “How does the central bank decide on interest rate? > Taking all data together and using a formula?” – “This is art, not > science.” (The Governor of the Central Bank of Israel Karnit Flug reveals > the secret of monetarism and economics of central banking” >
The interview was conducted in Hebrew… It’s my translation.
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