Draghi’s speech: ‘Forward guidance has become full policy instrument’

Dhwani Mehta FXStreet

The European Central Bank (ECB) President Mario Draghi is now speaking at the ECB’s policy panel: ‘At the heart of policy: challenges and opportunities of central bank communication’, noting that the “forward guidance has become full policy instrument.”

He added that ‘why discard an instrument that is effective’.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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