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Draghi May Look Backward to Chart ECB Communication on Future
Mario Draghi may look to the European Central Bank’s past communication to find the right balance for the future.
The ECB is unlikely to announce changes to its policy or its forward guidance at its June 8 policy meeting in Tallinn, and the only step toward normalization may come in the form of an acknowledgment of the euro area’s brightening economic prospects.
But there’s a problem. Even as the economy improves, inflation shows l…
Mario Draghi may look to the European Central Bank’s past communication to find the right balance for the future.
The ECB is unlikely to announce changes to its policy or its forward guidance at its June 8 policy meeting in Tallinn, and the only step toward normalization may come in the form of an acknowledgment of the euro area’s brightening economic prospects.
But there’s a problem. Even as the economy improves, inflation shows l…