Tuesday Nov 05, 2024
FT
Tuesday Nov 05, 2024
Monday, 20 February 2012 00:00 - - {{hitsCtrl.values.hits}}
The founder Governor of the Central Bank, John Exter, had wonderful advice for anyone wishing to make a bet with a central bank regarding the success of a central bank’s policy when such policy goes opposite to the market’s collective wisdom: You bet on the side of the market and not on the side of the central bank and you will always win.
