If we want quicker action, we have to accept that the basis for the action will not be 100 per cent certain. It is not conducive to fast decision-making if the FSA is constantly at risk of being subject to retrospective investigations of its decisions. The FSA must have a certain margin for action.
That median, however, was constant throughout the period of market turmoil, suggesting that markets remain unsure of the GDP data. It is often argued that forecasts for China’s economic growth remain anchored at too high a level. The debate is very active.