IMF says ECB shows mediocre market predictability

The International Monetary Fund has criticised the European Central Bank for confusing markets and said it was less predictable than its central bank peers, the U.S. Federal Reserve and the Bank of England.

The ECB, currently reassessing its monetary strategy, has said that it does not want to surprise financial markets, but the young central bank still arrived in third place in the IMF's empirical study, on which it declined to comment.

The U.S. Fed was the most predictable central bank, follo