Bloomberg rocking the aviation metaphor on the European Central Bank on the ‘runway to rate lift off’
- Executive Board members Benoit Coeure and Peter Praet want to communicate more on the pace of increases to avoid stirring up markets.
- “What they are trying to communicate to investors is that the lift-off is going to be slow,” said Nick Kounis, head of macro and financial markets research at ABN Amro Bank NV in Amsterdam. “The ECB has learned its communication lesson from the Federal Reserve, and they want to make sure well ahead of time that markets are clear on their thinking.”
This makes sense. We are seeing the same (but slower and quieter ….. but still the same …. from the BOJ ).
Anyway, back to the ECB and the airplane … Is it wrong that this was the first image that popped into my mind?
From Airplane, a 1980 disaster movie spoof