Economics

Former Draghi Lieutenant Appeals for Calm in ECB Stimulus Row

  • Praet calls ex-central bankers’ letter emotional, not helpful
  • Former chief economist says open-ended guidance causes anxiety
Peter PraetPhotographer: Krisztian Bocsi/Bloomberg
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Former European Central Bank Chief Economist Peter Praet appealed for calm in an increasingly bitter row over monetary policy that threatens to mar President Mario Draghi’s final weeks in office.