Reuters reports the latest comments delivered by the European Central Bank (ECB) Governing Council member Benoit Coeure in an interview the Financial Times (FT).
Warns of bleak indications about the health of the global economy.
Central banks should never ignore market signals.
But also shouldn’t follow them blindly either.
Markets are sending a “quite alarming” message at odds with benign data.
Capacity for policymakers to deal with shocks today is less than it was previously.