Economics
ECB Has Messaging Problem as Lagarde-Lane Signals Muddy View
- Markets see gaps between ECB president and her chief economist
- Some officials worry that Lagarde’s credibility is at risk
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The European Central Bank is struggling to make its intentions clear to investors at a critical juncture in its response to the coronavirus recession.
Economists and investors see mixed messages from the ECB’s top policy makers. Most important is a perceived disconnect between President Christine Lagarde’s press conferences after policy decisions, and blog posts by Chief Economist Philip Lane the following day.