Whoever said monetary policy was supposed to be dull? Well not any more.
It's as if suddenly the backroom boys and girls whose job it is to keep our financial system sound have come out of the phone booth dressed as Superman. Or, depending on how their announcements affected you, a super villain like Dr. Destructo.
In the financial pages, of course, central bankers have always made news. But even there, the role has been more that of a quiet aristocracy or high priesthood, murmuring riddles that their acolytes in the business press interpret for the adept.
An exception to that rule was Mark Carney, who with his media friendly looks and charm, risked making Canadian and then British monetary policy — after he moved to the Bank of England — glamorous. Of course everyone in the central banking brotherhood quickly learned the disadvantages of that once he became perilously close to turning himself and his family into a page one tabloid star.
Read more; Central bankers move from shadows to spotlight: Don Pittis - Business - CBC News
It's as if suddenly the backroom boys and girls whose job it is to keep our financial system sound have come out of the phone booth dressed as Superman. Or, depending on how their announcements affected you, a super villain like Dr. Destructo.
In the financial pages, of course, central bankers have always made news. But even there, the role has been more that of a quiet aristocracy or high priesthood, murmuring riddles that their acolytes in the business press interpret for the adept.
An exception to that rule was Mark Carney, who with his media friendly looks and charm, risked making Canadian and then British monetary policy — after he moved to the Bank of England — glamorous. Of course everyone in the central banking brotherhood quickly learned the disadvantages of that once he became perilously close to turning himself and his family into a page one tabloid star.
Read more; Central bankers move from shadows to spotlight: Don Pittis - Business - CBC News
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