reaction function반응함수
The rule, stated or implied, by which a central bank sets its policy rate in response to inflation, employment and other conditions. Markets try to infer it to predict future decisions.
In these articles
- The record backs Warsh on 2021 and 2013 but not against forward guidance as such
Here: what Warsh says published forecasts cannot usefully illustrate, and what the BIS says investors were uncertain about in 2026.