December 07, 2016

ECB’s policy makers, without corrective glasses, have no chance of reading the economy’s real signals.

Sir, Claire Jones reports on “How ECB policymakers will be reading the signals ahead of stimulus decision” December 7.

Fat chance they will be able to read those signals correctly. ECBs policymakers are seemingly not even aware of their need to wear glasses that correct for the distortions produced by the risk weighted capital requirements for banks.