Swiss Economicblogs.org
There were no policy changes at today's meeting of the ECB’s governing council (GC). Central bank seems intent on looking through short-term spikes in imported inflation.At today’s press conference following the GC meeting, ECB President Mario Draghi’s message was one of continuity, very much as expected. The stronger momentum in economic activity and headline inflation, he suggested, was no reason to declare victory as long as downside risks remain. Importantly, the ECB’s statement suggests...
Read More »Patient ECB to wait for underlying inflation to improve
