Letter: Why the sure-footed Swiss cent­ral bank has cut rates From Stefan Ger­lach, Chief Eco­nom­ist, EFG Bank, Zurich, Switzer­land; Former Deputy Gov­ernor, Cent­ral Bank of Ire­land ...

Sou­maya Keynes’ column (Opin­ion, Novem­ber 3) high­lights the fun­da­mental flaw in mon­et­ary policy, as prac­tised in the US, the UK and many other coun­tries — the assump­tion ...