A bit more of the same

A longer piece on ECB's move to 'improve the efficiency of monetary policy'

After yesterday’s post I had a few requests for further explanation. Why was yesterday’s ECB announcement ‘disingenuous? Is it important? Will it be important? Here’s an expanded response of informed guesswork. Happy to be corrected.

When a central bank releases a statement after a monetary policy meeting, we assume that all information in that statemen…