Draghi defends ECB participation in private events

draghi-ecb

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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