ECB Minutes

March 3, 2022

Published minutes from the European Central Bank policy review in early February declare that “compared with the assessment in December, upside risks to the inflation outlook had increased, particularly in the near term. As the increase in inflation was becoming longer-lasting than initially expected, it was remarked that the Governing Council should avoid characterizing inflation developments as temporary or transitory and instead stress its assessment that inflation was expected to decline in the course of the year. Compared with December the outlook had changed and the likelihood of seeing inflation rates below 2% in 2023 had decreased significantly.”

Copyright 2022, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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