FRANKFURT May 4 Parts of the European Central Bank's policy guidance can change over time but not the projected sequence of future steps or their dependence on a sustained rise in inflation, ECB chief economist Peter Praet said on Thursday.
"These fundamental features of our forward guidance have a clear logic," Praet said in Brussels. "All other features of our forward guidance are of a parametric nature and can be recalibrated depending on incoming data."
He added: "In June, we will be able to draw on a more expanded information set than is available today, organised around new projections and including an updated assessment of the distribution of risks surrounding the economic outlook." (Reporting by Balazs Koranyi; Editing by Francesco Canepa)