Chaos theory proposes that a butterfly flapping its wings in one place can cause a tornado in another. Similarly, the recent failure of a niche California US tech lender this week pushed an unrelated Swiss bank close to collapse. Time for central bankers to acknowledge that with risks unpredictable, rate policy must be more cautious.
按照混沌理論，一隻蝴蝶在一個地方拍打翅膀會在另一個地方引起龍捲風。類似地，加州一家面向美國科技行業的銀行最近倒閉，本週把一家不相關的瑞士銀行推到瀕臨倒閉的懸崖邊緣。央行官員現在應該承認，面對不可預測的風險，利率政策必須更加謹慎。
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