IMF, Report: For Central Banks, Less is More

“Will these twin mandates condemn the world to low growth? No, but they will place the onus for fostering growth back on the pri­vate sector and governments, where it belongs. More focused and less interventionist cen­tral banks would probably deliver better out­comes than the high-inflation, high-leverage, low-growth world we now find ourselves in. For central banks, less may indeed be more.”