M&G's Leaviss: Why central banks should adopt a Maradona approach to forward guidance

Is it an effective tool?

Laura Dew
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Jim Leaviss, head of retail fixed interest at M&G
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Jim Leaviss, head of retail fixed interest at M&G

Jim Leaviss, head of retail fixed interest at M&G, has said Bank of England Governor Mark Carney has the potential to emulate footballing legend Diego Maradona by using surprise tactics to support the markets.

Leaviss' comments were in light of Federal Reserve chairman Jerome Powell's comments last month that the central bank's use of forward guidance would be "significantly smaller" during his tenure, which...

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