December Decision for ECB

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European Central Bank rate setters meeting last month agreed on the need to maintain unprecedented monetary stimulus and to decide in December whether to extend the ECB’s 1.74 trillion euro asset buys, minutes of the meeting showed on Thursday.

Core inflation still lacks a convincing upward trend and wage growth has been unexpectedly subdued, but the euro zone economy is developing along the path seen earlier so it was premature to make a call either way, minutes of the Oct 20 meeting showed, repeating policymakers widely discussed view.

“It was imperative to remain fully committed to preserving the very substantial degree of monetary accommodation that was necessary to secure a sustained convergence of inflation towards levels below but close to 2 percent,” the ECB said in the accounts.

Reuters

The Song Remains the Same

XAU/USD – Gold Unchanged, Markets Eye CPI, Jobless Claims

No Role for Renzi if Referendum Fails

Image – EUR Euro Eurozone ECB European Central Bank

The post December Decision for ECB appeared first on Forex news – Binary options.

The post December Decision for ECB appeared first on Wallstreetsectorselector.info.

Craig Erlam

Related Posts

December Decision for ECB

Comments Off on December Decision for ECB

European Central Bank rate setters meeting last month agreed on the need to maintain unprecedented monetary stimulus and to decide in December whether to extend the ECB’s 1.74 trillion euro asset buys, minutes of the meeting showed on Thursday.

Core inflation still lacks a convincing upward trend and wage growth has been unexpectedly subdued, but the euro zone economy is developing along the path seen earlier so it was premature to make a call either way, minutes of the Oct 20 meeting showed, repeating policymakers widely discussed view.

“It was imperative to remain fully committed to preserving the very substantial degree of monetary accommodation that was necessary to secure a sustained convergence of inflation towards levels below but close to 2 percent,” the ECB said in the accounts.

Reuters

The Song Remains the Same

XAU/USD – Gold Unchanged, Markets Eye CPI, Jobless Claims

No Role for Renzi if Referendum Fails

Image – EUR Euro Eurozone ECB European Central Bank

The post December Decision for ECB appeared first on Forex news – Binary options.

The post December Decision for ECB appeared first on Wallstreetsectorselector.info.

Craig Erlam

Related Posts

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