(BFW) Draghi Says Communication is Core Element of Central Bank Policy


BFW 08/04 06:06 *DRAGHI SAYS MONETARY POLICY COMMUNICATION IS CONSTANT CHALLENGE
BFW 08/04 06:02 *ECB PRESIDENT DRAGHI COMMENTS IN HANDELSBLATT OPINION ARTICLE
BFW 08/04 06:02 *DRAGHI SAYS COMMUNICATION CORE ELEMENT OF CENTRAL BANK POLICY

Draghi Says Communication is Core Element of Central Bank Policy
2014-08-04 06:17:17.685 GMT


By Jeff Black
Aug. 4 (Bloomberg) -- European Central Bank President Mario
Draghi says in guest article in Handelsblatt that move to
publish account of ECB minutes from next year will help to
explain policy.
* “At the moment we are working on trial runs to find the
right format. Ultimately, we want to make these summaries
comprehensible for the interested general public. Only that
way can they have their full impact”
* “Central bank communication these days is a core element of
monetary policy, and in fact it is itself a monetary policy
instrument”
* NOTE: Draghi Says ECB to Change Frequency of Monetary Policy
Meetings {NSN N84ZEJ6K50Y3<Go>}


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To contact the reporter on this story:
Jeff Black in Frankfurt at +49-69-92041-205 or
jblack25@bloomberg.net

To contact the editor responsible for this story:
Christoph Rauwald at +49-69-9204-1146 or
crauwald@bloomberg.net