DEMOCRATIZING ECB WATCHING
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The OBCE has launched an initiative intended to allow a large sample
of academics and market participants to express their views as
regards the preferred path for monetary policy.
Several days before the montly meeting of the ECB's Governing Council,
there will be an email survey where all participants will be asked to the following
question: If you were a member of the ECB's Governing Council, what
would you vote at its next meeting
on February 4th?
The results of this month's voting are below.
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| A) |
Raise 50bps (or more) |
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| B) |
Raise 25bps |
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| C) |
Keep rates on hold |
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| D) |
Lower 25bps |
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| E) |
Lower 50bps (or more) |
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The survey was conducted by e-mail during January 31-February 2 among
academics and economists mostly from Euro-zone countries.
The Survey shows that the vast majority of respondents recommend the
ECB's Governing Council to keep rates on hold at their next meeting on
February 4th.
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