ECB should take market’s pessimism with pinch of salt – Coeure
Thu, 11 Jul, 2019 - 12:29
FRANKFURT, July 11 (Reuters) – The European Central Bank’s
should take the low inflation expectations implied by euro zone
bond prices with a pinch of salt as other gauges show greater
confidence in the outlook, ECB board member Benoit Coeure said.
“While policymakers should never ignore signals coming from
financial markets, they should not focus on them too narrowly
either,” Coeure said in a lecture.
“The pessimism priced into bond markets today may not
necessarily presage downward pressure on inflation tomorrow â€“ at
least not to the same extent.”
(Reporting by Francesco Canepa;
Editing by Alison Williams)
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters
or its third party content providers. Any copying, republication or redistribution of Reuters content, including
by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon.
"Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.