FRANKFURT—The European Central Bank’s chief economist plans to place private calls to banks and investors after the ECB’s policy meeting next week, he said Wednesday, continuingthat has raised eyebrows among financiers and central-bank officials.
Since March, Philip Lane, the chief economist, has spoken directly with a select group of global institutions in the hours after the bank’s policy decisions, in an effort to clarify its sometimes puzzling public pronouncements, according to people with whom he spoke and a review of his schedule. The calls, reported on Tuesday by The Wall Street Journal, break with the central bank’s usual practice of delivering information to all market participants at the same time. They were made to big investors such as BlackRock Inc. and banks such as Goldman Sachs Group Inc. and JPMorgan Chase & Co.
“Our standing approach right now is to continue those calls,” Mr. Lane said in an interview with Reuters“It’s a structured, systematic approach where we rotate across different types of ECB watchers,” Mr. Lane said. “It’s also true that we should always review and keep in mind our communication policy.”
INTERPRETATION I haven't got a f*cking clue, whaddya you think? ✌️🐸
Which banks and investors, pray tell ?
anti-Marxismlist! On my opinion, the human society is running on these: 1 Technology define theoretical economic aggregate 2 Work define gross economy 3 Finance system define distribution of wealth from gross economy
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | Top ECB Official Privately Called Investors, Banks After Key Policy DecisionsThe chief economist made private calls to financial institutions in an unusual attempt to buttress the central bank’s sometimes-puzzling public communications, according to three people with whom he spoke and a review of his schedule. 6/21/2020 SIBERIAN ARCTIC 100.4F NOV. 28 2020 'A 5 day long heatwave with air up to 25C above the norm is expected in Yakutia & Krasnoyarsk region' Roman Vilfand. 220 FEET OF SEA LEVEL RISE COLLAPSING IN GL ANT ANTARCICA HAS MELTED MORE PAST 4 YEARS THAN ARCTIC PAST 34 YEARS TWSJ: Former central bank officials said the calls risked privileging big investors with sensitive information. Typically, central bankers carefully control their utterances and try to make sure all market participants get information at the same time.
Source: WSJ - 🏆 98. / 63 Read more »
ECB raps Italy over cashback plan, says it should have been consultedThe European Central Bank has complained to Italian Economy Minister Roberto Gualtieri that measures to spur electronic payments in the country undermined the goal of a neutral approach to means of payment. With the com. blackout & everything else in Tigray, here are some innocent Tigrayans murdered by AbiyAhmedAli & Eritrean forces. UN UNHumanRights KenRoth antonioguterres LaetitiaBader JanezLenarcic NRC_Egeland martinplaut trbrtc katie_polglase
Source: Reuters - 🏆 2. / 97 Read more »
Chatty ECB has a communications problemChief Economist Philip Lane has since March spoken with a series of financiers after policy meetings, his diary shows. A perception that a select few have privileged access is best avoided. The even bigger issue is why the central bank has to work so hard to land its message.
Source: Breakingviews - 🏆 470. / 51 Read more »
Dark days are far from over: Five questions for the ECBThe European Central Bank will this week face more questions about an increasingly challenging outlook only a month after it unleashed fresh stimulus to bolster the euro zone economy. China is unstoppable and soon exceed US and Euro economies combined
Source: Reuters - 🏆 2. / 97 Read more »
Dock money if players put IPL over England, Boycott tells ECBThe English cricket board must stop treating its players in a 'namby-pamby way' and dock money if they put the lucrative Indian Premier League (IPL) above national duty, former test batsman Geoffrey Boycott said. I'm very pleased to celebrate my cashout with everyone in the group. Indeed I'm happy and DavidLingleyBT is really a genuine paying man the whole world needs to know how good and generous he is. I am looking for new, good friends
Source: Reuters - 🏆 2. / 97 Read more »