Central bankers must learn to speak in plain language

To manage public expectations over rising interest rates, the banks should take a leaf from Donald Trump’s book and speak – and tweet – in simple termsAs global economic growth gathers pace, with the International Monetary Fund reporting that all of the G20 countries are now in an expansion phase, we are at last entering a process of normalisation of interest rates and monetary policy. That shift has been a long time coming, and in 2008 few would have forecast that the impact o