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ECB governors fear Fed-style 'dot plot' would invite political pressure, sources say

From xm.com

European Central Bank governors fear publishing their interest rate forecasts would invite pressure from governments trying to gauge if their central banker was serving their domestic agenda, sources told Reuters in a sign an idea to follow the U.S. Federal Reserve's practice may be hard to sell. Their concerns highlight the contradictions of the euro zone's architecture compared with jurisdictions with only one national government, such as Britain and the United States. ECB board member Isabel Schnabel of Germany last week floated the idea of publishing, as the Fed does four times a year, a "dot plot" of ... (full story)

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