ECB minutes confirm more balanced inflation assessment – ING
|Analysts at ING offer their take on the European Central Bank's (ECB) September Monetary Policy Meeting Minutes Accounts released earlier this Thursday.
Key quotes
“The just released minutes of the ECB’s September meeting, in our view, gave some interesting insights into the Bank's gradually changing inflation assessment and the discussion on the downsizing of asset purchases under the Pandemic Emergency Purchase Programme (PEPP).”
“Regarding the inflation assessment, the tone has clearly changed from a very benign approach in the summer to a more balanced view. n fact, it was acknowledged that both headline and core inflation had surprised to the upside compared with recent ECB projections.”
“Regarding the monthly PEPP purchases, there had been calls for both a more substantial reduction and a more prudent reduction. Arguments in favour of a more substantial reduction were based on improved financing conditions and an improved economic outlook, while arguments in favour of a more prudent reduction were that the impression of tapering should be avoided.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.