- other central banks have to take into account US decisions
Especially when you’re on the back foot my friend, but hey when in doubt blame someone else
- ECB fwd guidance helped isolation from spillovers
Not sure what he’s referring to there but I’d say it’s questionable regardless. No further detail at present
ECB’d exec board member Peter Praet speaking in Berlin
The ECB was very conscious about the potential shift in US monetary policy and the potential divergences between the US and the euro area
That’s why we started to communicate very much that the policy path is absolutely not the same
I think that was berleedin’ obvious
Add:
- The IMF should be more independent from politics
And there was us mere mortals thinking that they were.
Anyone got a razor?
