The President of the European Central Bank (ECB), Christine Lagarde, recalled on Thursday 6 February the importance for the monetary institute to communicate its mission and its action to the financial markets, but also to the general public, who are often unaware of the fundamentals of monetary policy in the eurozone.
"Carefully calibrated communication - think of forward guidance - has itself become a tool of central bank policy", said Mrs Lagarde during a monetary dialogue with the...