Glossary · Macro · Monetary policy
Forward guidance
A central bank telling the public what it plans to do with interest rates in the future, so that expectations shift today. If people believe rates will stay low for years, long-term rates fall now, even before the bank does anything.
Related terms
More from monetary policy
Definitions are the start
See the term used, not just defined.
The full course teaches every term in context, with worked examples, interactive graphs and practice questions that remember what you get wrong.