Draghi defends ECB participation in private events


Mario Draghi has defended the right of European Central Bank (ECB) officials to discuss policy in private events, while insisting Benoit Coeuré did not reveal market-sensitive information in his behind-closed-doors speech on May 18.

Coeuré discussed the ECB's decision to "frontload" its asset purchases in the evening at the event in London, but a copy of his speech was only made available to the public the next morning.

The central bank attributed this to an "internal procedure error". EU ombuds

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