Inflation in the 15-member eurozone could have been lower if the European Central Bank (ECB) had explained its monetary decisions more openly, according to a fresh study.
The analysis, entitled "Transparency and Governance" by the London-based Centre for Economic Policy Research, published on Thursday (7 February), claims that "At a time when euro area inflation expectations are ringing alarm bells, ECB credibility is sliding down."
Its authors argue that financial markets face g...
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