7  See Organisation for Economic Co-operation and Development (2015): OECD Economic Surveys: Mexico, January. 8  See World Bank (2015): Doing Business 2016: Measuring Regulatory Quality and Efficiency, October. BIS central bankers’ speeches  5
5 5 For example, if the public hears that the policy rate will be lower for longer, it may interpret this news as policymakers saying that they expect the economy to be weaker for longer. If the message is interpreted in that way, then the forward guidance will not succeed and may even weaken current spending.