The just released-minutes of the June meeting demonstrate the ECB ‘s willingness to prop up inflation expectations. Interestingly, the June decisions were not unanimous, as illustrated by the phrase that “there was broad agreement, that, in the light of the heightened uncertainty, which was likely to extend further into the future, the Governing Council needed to be ready and prepared to ease the monetary policy stance further by adjusting all of its instrument.” Also, there were some disagreements on the different adjustments of forward guidance and the TLTRO (targeted longer-term refinancing operations) pricing at ... (full story)