‘No compelling case’ for a Eurosystem dot-plot – Nagel
Bundesbank president says uncertainty needs to be communicated more clearly
Deutsche Bundesbank president Joachim Nagel sees “no compelling case” for introducing Fed-style dot-plots for the Eurosystem.
In a speech at Harvard University on October 28, Nagel said that despite their similarities, there are structural differences between the US and European monetary systems that do not warrant such a move.
The eurozone could improve on how it communicates forecast uncertainty – a message dot-plots only offer “an indirect method to convey”, Nagel said. The ECB is currently
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