Bloomberg cite three people familiar with discussions to switch ECB meetings to 6 week intervals.
The plans being discussed will make it easier to implement publication of the minutes from the meetings. Draghi is in favour of reducing the frequency of policy meetings so as to curb speculation over policy changes. On the 24th April in Amsterdam he said that;
“It is very clear that the frequency of our meetings leads the public and the market to expect action. Together with the publication of the minutes and with the need to avoid triggering short-term market noise, I think the governing council may consider to reflect on the frequency”
It’s not something we would want to see happen. It’s hard enough getting volatility as it is without reducing the big events like this.
Boooo to you Mr Draghi
