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In recent years, people have become increasingly aware of the importance of central banks for economic stability. Central bank interest rates are now regularly reported on the evening news and therefore also dominate the economics pages of newspapers. The group of financial analysts even used the most absurd statements of senior central bank officials to explain the transformation of lush forests into bare hills in tasteless reports. Bankers and fund managers, including our pension managers, risk billions of dollars betting on how central banks will adjust policies in the future and sometimes they even bet on how the tone of central bank speeches will be adjusted.
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