Draghi outlines importance of statistics at ECB
European Central Bank (ECB) president Mario Draghi, speaking on April 17, highlighted the role of statistics in the formation of monetary policy as he outlined three initiatives recently undertaken by the ECB.
Addressing the ECB Statistics Conference in Frankfurt, Draghi emphasised the limits of the current statistical approach, saying: "The traditional monetary statistics derived from individual banks' balance sheets are insufficient to gather information on financial groups that operate across
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