Market news
17.08.2017, 12:00

ECB says more favourable growth outlook increases confidence that inflation will gradually converge to target

  • Core inflation shows tentative signs of pick-up, still needs conclusive evidence of upward trend

  • A suggestion was made that consideration be given to adjustment in language

  • It was generally judged paramount to avoid signals that might prove premature, be prone to over-interpreation

  • A remark was made that expansion was increasingly self-sustaining

  • It needs to gain more space and flexibility to adjust policy and accommodation in either direction if needed

  • Still favourable financing conditions could not be taken for granted, relied to great extent on policy

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