Lagarde’s Communication Is Muddled, Ex-ECB Chief Economist Says
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The European Central Bank president’s messaging lacks clarity as the institution plots its exit from negative interest rates, according to Peter Praet, an ex-ECB chief economist.
“What really annoys me in the communication first is that Christine Lagarde deviated from what she said a few weeks ago,” Praet told Bloomberg Television’s Guy Johnson and Alix Steel, referring to a blog post she wrote on May 23.