ECB’s Lane says the bar for directional rate guidance is high

What we know so far

investingLive (Nov 10, 23:59): Comments from the ECB’s Lane on inflation and policy guidance crossed the wires.We put a very high premium on consensus, would be difficult with dots.I would put high bar on directional forward guidance now.Important that ECB has an instrument for multiple equilibriums on bond market.Informative that underlying inflation hasn’t moved yet, it means it’s the usual delayed response.Underlying inflation is…