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Daily Archives: July 4, 2013
For many years, one of the most enduring mantras of central banking was along the lines of “we never pre-commit to future actions, because all of the information we have about the state of the economy is already contained in the actions we have just announced”. Now that has been completely abandoned. With the ECB and the BoE changes announced today, the central banks are shouting from the rooftops that “we are all forward guiders now”. Read more
Mario Draghi, the European Central Bank president, pulled off the feat of sounding incredibly doveish today while keeping rates on hold and actually making sure his room for manoeuvre remains as wide as possible. Here are five quick takeaways from the press conference following this month’s meeting: Read more
Hello and welcome to our live blog on the European Central Bank’s press conference. The governing council held rates today, as expected. But ECB president Mario Draghi might offer some clues on what’s to come from the central bank in the months ahead. Mr Draghi is due to begin speaking at 13.30 UK time.
By Claire Jones and Lindsay Whipp. All times UK time.