Trichet must be decisive on ECB policies

- Central Banking staff
- 14 Oct 2003

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This article says that Jean-Claude Trichet should make tackling the ECB's lack of responsiveness and poor communication his priorities. The test, it says, will be whether Mr Trichet can persuade his colleagues to cut short-term interest rates from their present level of 2 per cent possibly to near-zero.

First published in the UK edition of the Financial Times, 13 October 2003.

The European Central Bank is a much-maligned institution. Fellow central bankers, economists and commentators have

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