The account from the July meeting confirmed that the ECB is preparing an easing package for the September meeting. While the central bank does not appear overly concerned about the outlook, it is determined to show it is not out of ammunition. The account from the July monetary policy meeting sent strong signals that the ECB is preparing a package of easing measures. The view was expressed that the various options should be seen as a package, i.e. a combination of instruments with significant complementarities and synergies, since experience had shown that a policy package – such as the combination of rate cuts and ... (full story)