Lagarde's communication revolution falls short of hype: analysts

lagardes communication revolution falls short of hype analysts

Sumary of Lagarde's communication revolution falls short of hype: analysts:

  • FRANKFURT, July 22 (Reuters) – Christine Lagarde’s attempt to reform the European Central Bank’s communication fell short of a revolution on Thursday as she struggled to simplify concepts and make the message more accessible to a broader public, ECB-watchers said.
  • Although ECB and European Commission surveys show public faith in the euro itself is high, trust in the ECB — Europe’s most powerful institution — has lagged ever since the 2008-09 financial crisis.
  • “The big change that we were all looking for was the forward guidance and it took Christine Lagarde almost one hour to explain it,” Pictet strategist Frederik Ducrozet said.

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