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Account of the monetary policy meeting of the Governing Council of the European Central Bank held on Wednesday and Thursday, 24-25 January 2024
Ms Schnabel noted that, since the Governing Council’s previous monetary policy meeting on 13-14 December 2023, the rapid easing of financial conditions observed after the 25-26 October meeting had levelled off and been pared back slightly. Financial conditions had eased sharply in November and December, as the narrative in financial markets had shifted from “high for longer” to swift disinflation and imminent monetary policy easing. After the Governing Council’s 13-14 December meeting, financial conditions had continued to ease until late December but had tightened slightly thereafter. This followed ECB ... (full story)
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ECB ACCOUNTS: WE ARE CONFIDENT THAT MONETARY POLICY WAS WORKING.
— FinancialJuice (@financialjuice) February 22, 2024
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ECB ACCOUNTS: ALL MEMBERS AGREED WITH THE PROPOSAL BY ECB’S LANE TO MAINTAIN THE THREE KEY ECB INTEREST RATES AT THEIR CURRENT LEVELS.
— FinancialJuice (@financialjuice) February 22, 2024
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ECB ACCOUNTS: SCHNABEL SAW RAPID EASING OF FINANCE CONDITIONS PARED BACK.
— FinancialJuice (@financialjuice) February 22, 2024
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ECB ACCOUNTS: THE RISK OF CUTTING THE POLICY RATES TOO EARLY WAS STILL SEEN AS OUTWEIGHING THAT OF CUTTING RATES TOO LATE.
— FinancialJuice (@financialjuice) February 22, 2024