- ECB April Monetary Policy Meeting Account: members agree there is a need to counter criticism on the central bank’s actions
Market news
19 May 2016
ECB April Monetary Policy Meeting Account: members agree there is a need to counter criticism on the central bank’s actions
The European Central Bank's (ECB) its minutes of April meeting on Thursday. The minutes said that members agreed there was a need to counter criticism on the central bank's actions.
"There was general agreement that there was a need to counter the perception that monetary policy could no longer contribute to a return of inflation to the Governing Council's aim of below, but close to, 2%," the ECB said in its minutes.
The central bank noted that the recent stimulus measures needed more time to take effect.
According to the minutes, the downside risks to the economic growth in the Eurozone remained but moderated somewhat.
The ECB kept its monetary policy unchanged in April.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page