While the European parliament votes are still being counted Mario Draghi today hosts the first “Jackson Hole”-type event for the ECB in the mountains outside Lisbon, and is due to make a keynote speech tomorrow (26th) at 09.00 CET and an afternoon wrap on Tuesday (27th)
The ECB Forum on Central Banking is to be an annual event that provides a unique opportunity for key government officials, central bank governors, academics, specialised journalists and high-level financial market representatives to exchange views on current policy issues.IMF Managing Director Christine Lagarde will attend as will Eurogroup President Jeroen Dijsselbloem and ECB Executive Board members Vitor Constancio, Peter Praet and Benoit Coeure will chair panel discussions
Markets will be looking for clues for the ECB’s plan of action on June 5th and will hope that Draghi may use the occasion to elaborate on what he meant when he told reporters at the last policy meeting presser, after leaving rates on hold, that the Governing Council is “dissatisfied” with the outlook for consumer prices and “comfortable” with action in June.
Mind you, he’s kept his cards very close to his chest previously so we should expect a cautious stance still.
Bloomberg has more here
