Here are some of the key highlights from the latest ECB Monetary Policy Meeting Accounts (minutes) released this Thursday.
“¢ Confident that inflation would rise towards target in medium-term.
“¢ A view was expressed that ECB was close to a sustained adjustment of inflation, but most disagreed with that view.
“¢ Risks of protectionism have become more pronounced.
“¢ Protectionism raises uncertainty over economic outlook.
“¢ Trade woes can trigger disorderly FX moves, volatility.
“¢ Economic outlook is more uncertain, caution needed.
“¢ More pronounced weakening of demand can’t be ruled out.
“¢ Strengthening nominal wage growth provided some comfort.
“¢ Growth risks broadly balanced and growth is still solid, broad-based.
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