- ECB's latest monetary policy meeting accounts reveal governing council agreed on need to prepare for policy easing
Market news
11 July 2019
ECB's latest monetary policy meeting accounts reveal governing council agreed on need to prepare for policy easing
- Some ECB officials argued for more accommodative TLTRO terms
- Noted a drop in market-based inflation expectations
- There should be no room for complacency in the face of falling inflation expectations
- There was a broad agreement on need to change stance, demonstrate determination to act
- Central bank should put more emphasis on symmetry of inflation aim
- Care should be taken so this could not be seen as moving goalpost when it proved challenging to achieve it
- Potential measures include extending/strengthening forward guidance, resuming QE and cutting interest rates
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