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ECB Chief Economist Lane says in relation to the practice of monetary policy communication, framework guidance is more effective than rate forward guidance when policy rates are away from the effective lower bound
ORIGINAL · NewsquawkECB Chief Economist Lane says in relation to the practice of monetary policy communication, framework guidance is more effective than rate forward guidance when policy rates are away from the effective lower bound
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Lane says framework guidance is more effective than rate forward guidance for monetary-policy communication when rates are away from the effective lower bound; the item gives no further explanation.
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