Miles: Mensch tracht, und Gott lacht: Giving guidance on future monetary policy

“Mensch tracht, und Gott lacht” is a Yiddish proverb – men plan and God laughs. Woody Allen puts the same thought this way: “If you want to make God laugh tell him about your plans”.1 Some people might see these as a fitting epitaph for forward guidance on monetary policy. The Bank of England h…

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Miles: Mensch tracht, und Gott lacht: Giving guidance on future monetary policy

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