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ECB Considers Ending Private Calls to Banks, Investors After Policy Meetings The European Central Bank is considering terminating an unusual communications policy whereby its chief economist placed private calls to banks and investors shortly after policy meetings, a practice that had raised eyebrows among financiers and central-bank officials. Starting in March last year, Philip Lane, the chief economist, spoke 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. The calls, reported in early December by The Wall Street Journal, broke 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.

United statesChristine lagardeMario draghiPeter praetDerk jan eppinkInternational monetary fundEuropean central bankGoldman sachs group incEuropean parliamentBlackrock incFederal reserveJpmorgan chase coDow jonesPhilip laneWall street journalGoldman sachs group