ECB publishes its account for its July monetary policy meeting
- Eurozone growth remains solid, broad-based
- Growth is in-line with June projections still
- Expectation remains that 1H slowdown is temporary
- Council is unanimous in maintaining policy stance
- Threat of protectionism, trade tensions are prominent
- That could generate further decline in economic/investor confidence
Nothing new from the ECB as expected. Mainly a reiteration of the statement and decision in July. Once more Q3 data starts to feed in, that'll make things more interesting with regards to their growth outlook and how they will view the economy in the coming year as they look to normalise monetary policy.
