A short guide to Trichetspeak
Like all central bankers, the ECB president couches his comments in a peculiar jargon.
Like all central bankers, the ECB president couches his comments in a peculiar jargon. Here is a look at what he said last Thursday
WHAT HE SAID: ‘‘The decision [to increase interest rates] reflects the upside risks to price stability over the medium-term.”
WHAT HE MEANT: We’re worried that inflation is picking up.
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