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ECB's Lane warns of a high bar on directional forward guidance and stresses a very high premium on consensus, noting it would be difficult with dots
ORIGINAL · NewsquawkECB's Lane warns of a high bar on directional forward guidance and stresses a very high premium on consensus, noting it would be difficult with dotsRead originalHide original
Important that ECB has an instrument for multiple equilibriums on bond market
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Lane highlighted the importance of an ECB bond-market instrument for multiple equilibria and, per the headline, a high bar for directional guidance and a strong premium on consensus.
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Important that ECB has an instrument for multiple equilibriums on bond market
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