Why do central banks give their guidance for future monetary policy in qualitative terms rather than providing a numerical formula?
https://nitter.privacydev.net/search?q=%23TheECBBlog
explains the ECB’s qualitative reaction function.
https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog20240522~e3ec62dede.en.html

[2024-05-22 09:15 UTC]