Central bank communication crucial to formation of market expectations: ECB paper


Introductory statements and question and answer (Q&A) sessions during press conferences provide market participants with crucial information when forming expectations on policy orientation, according to a European Central Bank (ECB) paper published on Friday.

Olivier Vergote and Josep Maria Gutiérrez, the paper's authors, measure the announcement effects of ECB communications on short-term interest rate expectations on 32 occasions when the ECB's Governing Council met to vote on a policy rate

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account