R.I.P. forward guidance: Inflation forces central banks to ditch messaging tool

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R.I.P. forward guidance: Inflation forces central banks to ditch messaging tool

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LONDON — If the U.S. Federal Reserve killed off forward guidance in June, the European Central Bank may have just hammered the final nail in the coffin of a tool officials had long used to provide monetary policy signals to financial markets. The ECB delivered a half-percentage-point rate hike on Thursday…
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