- council firm in implementing QE without hesitation
- no need to reconsider QE parameters
- shared view that QE already showing effect
- saw higher forecast uncertainty than usual
- unclear about stimulus impact in 2017
- will regularly review QE for effectiveness
- saw reason for prudent optimism
- expressed caution about price pickup in and after 2017
ECB governing council minutes from the 4/5 March meeting in Nicosia
- chief economist Peter Praet said inflation to return graudally toward 2%
- QE addresses risk of too low inflation
- advised council that caution warranted amid forecast uncertainty
Nothing we didn't already know really
EURUSD 1.0827 but EURGBP lower at 0.7297 after capping at the 0.7320 mark I highlighted earlier
Full Minutes here
