- ECB's latest monetary policy meeting accounts reveal governing council agreed on need to prepare for policy easing
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11 julho 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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