El-Erian, Mohamed A., (2017), “What the ECB Will and Won’t Do This Week”, Bloomberg View, 6 Σεπτεμβρίου
When the Governing Council of the European Central Bank meets on Thursday, it will continue to prepare markets for the start of its long process of normalizing its unconventional monetary policy. But the central bank is unlikely to announce the specific details that markets and others are looking for, and not just because of the complexity of the task at hand. Central bankers will also seek to keep their policy options wide open as they weigh competing and, in some cases, puzzling and uncertain, policy considerations, even as they think about how best to sequence their measures with those of other systemically important central banks, particularly the Federal Reserve.
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