The European Central Bank’s forecasts and any accompanying messaging are about to take prominence as President Christine Lagarde weighs how far to push against market wagers on interest-rate cuts. With rapidly weakening inflation, a feeble economy, and one hawkish policymaker changing tack, traders are heaping bets on a reduction as…
As guardians of stability in prices and financial markets, the last word central bankers want to be associated with is “panic.” Yet that is precisely the term used by two top European Central Bank watchers to describe the message communicated by ECB President Christine Lagarde since she opened the door to a rate hike in .
By Francesco Canepa FRANKFURT (Reuters) - As guardians of stability in prices and financial markets, the last word central bankers want to be associated with is "panic".