• ECB's chief economist Lane: Forward guidance is a very powerful instrument, remains our principal tool

Market news

16 September 2019

ECB's chief economist Lane: Forward guidance is a very powerful instrument, remains our principal tool

  • ECB mandate for price stability is unconditional
  • Incoming information signals more extended slowdown in Eurozone growth dynamics
  • This slowdown is mainly due to external developments
  • The case for monetary policy response was clear
  • ECB policies create a cushion to insulate the economy from the materialization of downside risks
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