ECB
Sintra's New Playbook: Why Lagarde Just Buried Forward Guidance and Why Markets Have Yet to Reprice It
Christine Lagarde opened the ECB's Sintra forum by declaring the end of forward guidance and replacing it with what she calls framework guidance. Within 24 hours, Nagel and Wunsch were already in open disagreement about whether another hike is needed. The post-pandemic central banking template is be