ECB: Focus on communication on 'forward guidance’ – Danske Bank

Sandeep Kanihama FXStreet Contributor

Analysts at Danske Bank note that the ECB minutes from the June meeting released yesterday highlighted the focus within the governing council on focusing its communication on 'forward guidance on policy rates by adding an explicit date-based and state-contingent component'.

Key Quotes

“Recently, there has been a lot of discussion as to what the saying that rates would be kept unchanged 'through the summer 2019' in fact means. In any case, we do not see the first hike until December 2019 and stress that we may see ECB members start to comment on market pricing to a larger degree in the future in order to guide the market.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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