BNR's Lazea: Central banks acting as cleaning lady, tidying up after the governments' party
Publicat:The central banks have already been transformed into the cleaning lady who tidies up after the party thrown by the governments and states but which they didn't pay for, chief economist of the National Bank of Romania (BNR) Valentin Lazea told a specialist video conference on Tuesday.
"The central banks have already been turned into the cleaning lady who tidies up after the party of the governments and states. And this role will grow, in the sense that not only will interest rates stay below the inflation rate for a long time, maybe even decades from now on. If French fable writer La Fontaine…
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