The ECB wants to talk to you about inflation. But will it listen?

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For many people, the language of European Central Bank policymakers is so impenetrable, it could be beamed from another planet.

FILE PHOTO: European Central Bank President Christine Lagarde addresses the European Parliament during a debate on the 2018 annual report of the ECB in Strasbourg, France, February 11, 2020. REUTERS/Vincent KesslerNow, however, the ECB experts are in for a dose of real life as they meet audiences ranging from students to clergy this year to get their views on inflation and feedback on the central bank's work, six officials told Reuters.

The change of tack could also be an indication of the quandary the euro zone's central bank finds itself over the adequacy of the inflation data used to justify trillions of euros worth of monetary stimulus to support Europe's economy.Surveys show households in the euro zone perceive inflation to be far higher than official data.

"It would look pretty awful if we put out substantial communication on the review in June because that would mean we are not taking the feedback seriously," said one of the sources, who all spoke on condition of anonymity because the ECB's deliberations are private.

 

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