Economic and monetary developments

From ecb.europa.eu

Based on the assessment of the economic and inflation outlook for the euro area, also taking into account the latest Eurosystem staff macroeconomic projections, the Governing Council decided at its monetary policy meeting on 12 December to keep the key ECB interest rates unchanged and to reiterate its forward guidance on policy rates, net asset purchases and reinvestments. Incoming information since the last Governing Council meeting in late October points to continued muted inflation pressures and weak euro area growth dynamics, although there are some initial signs of stabilisation in the growth slowdown and of a ... (full story)