Minority of ECB rate setters wanted to signal guidance may change if inflation keeps accelerating

Author: Greg Michalowski | Category: Central Banks

Hawks were easily outnumbered though: Source

There is a story on the wires saying that a minority of ECB rate setters wanted to signal guidance may change if inflation keeps accelerating.  However, those hawks were easily outnumbered.

This is from two sources close to the matter.

The source goes on to say:
"while the debate was not heated, policy hawks were angling for some concessions in the policy message to acknowledge the better economic outlook, but they won none"

Their suggestions included dropping a pledge to continue to buy bonds until inflation converges to the ECB's target of almost 2% or the option to increase purchases if the outlook worsen.  

I guess if the ECB does not want to give the hawks their say, there are other ways to let their voices heard.  
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookies