"The Fed took a giant step towards enhancing the clarity and transparency of monetary policy by agreeing to include explicit interest rate forecasts in its quarterly projections, " said Paul Edelstein from consultancy IHS Global Insight.
BBC: US Federal Reserve to publish interest rate projections
America's Federal Reserve will also do more QE and may set an explicit target for long-term interest rates.
ECONOMIST: Leaders: The year of self-induced stagnation | The
But in Ithkuil ambiguity is quashed in the interest of making all that is implicit explicit.
NEWYORKER: Utopian for Beginners
For 18 months the IMF has been using coded (and sometimes more explicit) language to encourage the European Central Bank (ECB) to cut interest rates.
ECONOMIST: Must do better | The
The Italian case is of particular interest, because it suggests that sometimes rules may be written with the explicit purpose of circumventing them.
FORBES: Are European Fiscal Rules a Greek Farce?
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