MNI BRIEF: ECB Policy Decisions Based On Broad Analysis- Lane

MNI (LONDON) - ECB monetary policy decisions follow a broad range of staff analyses on risks and contingencies and comprehensive simulations of monetary policy and stance scenarios, Chief Economist Philip Lane said on Monday.

Lane told a BOE Watchers conference in London that by effectively communicating policy decisions and risk assessment, ECB policymakers "enhance transparency and maintain public trust in our policy actions," while remaining agile in responses to any crystallising  risks. (See MNI INTERVIEW: ECB Looks At "Restrictive" Language - Holzmann )

The ECB "remains committed to the continuous development of our analytical toolkit," Lane said, noting the "upcoming assessment of the monetary policy strategy will provide an opportunity to reassess our current methods and explore new techniques and innovations." There was no direct comment on current policy implications. (see MNI SOURCES: ECB Heads For 25BP Cut; Risks From Trump, Germany )
To register to hear Philip Lane at an MNI Webcast event on Dec 18, click here