The ECB did not make changes to its key communication at the July meeting. The ECB expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to levels that are below, but close to, 2% over the medium term. In addition, the Governing Council continues to anticipate that subject to incoming data confirming the Governing Council’s medium-term inflation outlook, net asset purchases will end after December 2018. While Draghi said that not much had changed since the early June ... (full story)