banquedefranceBanque de France124308781603010969703/26/2020 - 09:10Does uncertainty justify attenuating #monetarypolicy responses? Beware the cautiousness bias: acting less today can shift the private sector’s inflation expectations, forcing more action tomorrow, but with worse outcomes. #BdFeco WP ➡️➡️ https://t.co/ykWOHc5yBs