Draghi Gets ECB Back on Message

Summary of policy meeting avoided causing market volatility
ECB president is said to contain debate to project consensus

The ECB’s language will start to change from its March meeting, CIBC’s Jeremy Stretch says.(Source: Bloomberg)

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By Jana Randow, Piotr Skolimowski, and Alessandro Speciale

February 22, 2018 at 5:53 PM UTC

Updated on

February 23, 2018 at 5:00 AM UTC

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The European Central Bank got its communication largely back under control on the third anniversary of the publication of its policy accounts.

Aside from a brief spike, the euro stayed relatively calm after the summary of January’s Governing Council meeting was released on Thursday. That’s in contrast to the report on December’s session, which rocked currency and bond markets when it suggested that officials might move faster than expected toward reining in stimulus.