Draghi’s tone

The ECB will be unable to normalize its monetary policy soon

Questioning Draghi’s Tone: Half Hawkish Half Dovish

In last years, central banks have managed to give markets any sign about the direction of their policies, neither too dramatic nor excessively inaccurate. Today it is the turn for the ECB to take a further step towards the monetary policy easing in Europe. Experts are divided over the tone of Draghi’s words at the central bank meeting. Some expect he will not change it against the relative surprising hawkish speech in Sintra two weeks ago.