Draghi distinguishes ECB forward guidance from Fed and BoE variants
'We don't have precise horizons', ECB president tells former Fed vice chair in Washington
Mario Draghi, the European Central Bank (ECB) president, today distinguished the institution's forward guidance from that of the Federal Reserve and the Bank of England, maintaining it was more "qualitative" but had produced "exactly the same results in terms of expectations".
"We don't have precise horizons," Draghi said of the ECB's guidance during a panel discussion with Fed vice-chair Stanley Fischer in Washington, DC. He said one reason was that it made it "easier to get out at the end".
He
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