Swiss Economicblogs.org
The ECB remains dovish, but a reassessment of its plans for exiting quantitative easing could come later this year and hikes in the deposit rate in 2018 if core inflation data improve.The European Central Bank left policy and forward guidance unchanged at today’s meeting notwithstanding the “increasingly solid” recovery and “diminished” downside risks to the outlook. Our impression is that there is a strong consensus to “finish the job” by keeping the monetary stance very accommodative until...
Read More »ECB: the courage not to act
