ECB should enhance forward guidance during normalisation – Cœuré
Executive board member thinks changing economic phase and QE unwinding require more communication
The European Central Bank should enhance its forward guidance to reduce uncertainty in the markets once it starts normalising monetary policy, Benoît Cœuré said on September 17.
In a speech in Berlin, the executive board member argued markets and the public will need more information as the ECB abandons years of unconventional policies. The stronger economic situation widens interest rate options and the range of possible expectations, which requires more transparency to avoid uncertainty
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