Central banks don't have divine wisdom. They try to do the best analysis they can and must be prepared to stand or fall by the quality of that analysis.
Success on any major scale requires you to accept responsibility... in the final analysis, the one quality that all successful people have... is the ability to take on responsibility.
Psychology motivates the quality of analysis and puts it to use. Psychology is the driver and analysis is the road map.
Analysis kills spontaneity. The grain once ground into flour springs and germinates no more.
Henri Frederic Amiel
Quality is never an accident. It is always the result of intelligent effort.