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Central bankers continue to  respond  to questions from the audience at the ECB’s  panel  titled ‘Price and wage setting in advanced economies.’

Key quotes

  • Lowe on tariffs: What’s happening is very worrying and disturbing.
  • Lowe: Businesses are delaying decisions in Mexico, Canada, China, and South East Asia.
  • Draghi: Unilateral actions undermine the multilateral framework of the world economy.
  • Powell: We should be able to communicate uncertainties clearly. Providing a lot of forward guidance could pose risks.
  • Powell: Forward guidance shouldn’t be used in the ordinary course.