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)