The European Central Bank published the account (minutes) of its latest monetary policy meeting held on Oct 24-25 and here are some of the key highlights:
“¢ Policymakers generally agreed that data was weaker than expected.
“¢ But remains in line with expansion and gradually rising inflationary pressures.
“¢ Policy remains on steady track in line with market expectations.
“¢ Trade tensions may be being offset by higher US imports.
“¢ Acknowledged uncertainties and fragilities of outlook with regards to that.
“¢ A remark was made that the number of arguments pointed towards risks to growth tilting to the downside.
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