• ECB minutes: Brexit is "an important source of uncertainty" for eurozone

Market news

7 July 2016

ECB minutes: Brexit is "an important source of uncertainty" for eurozone

- Brexit can have significant negative consequences for the euro area economy

- The impact on the eurozone can manifest itself through trade and financial markets

- It is of great importance which assets will be purchased under the program of quantitative easing

- What does matter is the total amount of purchases of assets

- The composition of the bonds purchased by the ECB still has value for investors

- While there are no clear signs of an uptrend in core inflation

- Overall inflationary pressures remain weak

- We will closely monitor the inflation outlook

- ECB ready to take action and use all the tools, if necessary

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