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Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on 13-14 April 2022
Ms Schnabel reviewed the latest financial market developments, noting that since the Governing Council’s previous monetary policy meeting on 9-10 March 2022 investor risk sentiment had improved considerably. Euro area equity prices had moved close to the levels recorded prior to the war in Ukraine, sovereign spreads had narrowed, and risk-free yields had increased markedly. At the same time, market-based measures of inflation compensation had continued to creep higher and stood well above the Governing Council’s 2% target over the entire horizon. Developments in sovereign yields in the euro area since the ... (full story)
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ECB ACCOUNTS: MEMBERS WIDELY EXPRESSED CONCERN OVER THE HIGH INFLATION NUMBERS.
— Breaking Market News (@financialjuice) May 19, 2022
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ECB ACCOUNTS: SOME MEMBERS VIEWED IT AS IMPORTANT TO ACT WITHOUT UNDUE DELAY IN ORDER TO DEMONSTRATE THE GOVERNING COUNCIL’S DETERMINATION TO ACHIEVE PRICE STABILITY.
— Breaking Market News (@financialjuice) May 19, 2022
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ECB ACCOUNTS: MANY OF THE UPSIDE RISKS TO THE INFLATION OUTLOOK THAT THE GOVERNING COUNCIL HAD ALREADY DISCUSSED LAST SUMMER HAD MATERIALISED.
— Breaking Market News (@financialjuice) May 19, 2022
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ECB ACCOUNTS: MEMBERS POINTED OUT THAT IT WAS HARD TO IMAGINE SUSTAINED HIGHER INFLATION WITHOUT AN INCREASE IN WAGE PRESSURES.
— Breaking Market News (@financialjuice) May 19, 2022