Below are some of the key highlights from the minutes of the ECB Governing Council Meeting held on Dec12-13, released this Thursday.
“¢ The case was made for assessing risks to economic activity as tilted to the downside.
“¢ Risk situation was “fragile and fluid” and rotating in an uncertain environment.
“¢ Remarked that decline in oil prices and likely fiscal stimulus were upside risks.
“¢ Growth forecast cut justifies describing risks as balanced.
“¢ Fundamental factors underpinning growth are in place.
“¢ The suggestion made to revisit the contribution of TLTRO to monetary policy moving ahead.
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