ECB communicates well
European Central Bank's (ECB) monetary policy communication is clear in about 95% of cases, finds a new paper from the International Monetary Fund.
The paper analyses the ECB's inflation forecasts, inflation targets, and verbal descriptions of inflation factors, risk assessments, and monetary pillar information in monthly bulletins and press statements.
The analysis shows that the ECB's monthly bulletin contains useful additional information that helps improve message clarity. The ECB's press
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