Minutes of the European Central Bank’s (ECB) February monetary policy meeting revealed on Thursday that Governing Council members agreed that further key rate hikes are necessary to push monetary policy into tight territory, the report said. Reuters.
additional conclusions
“Policy rates were currently barely consistent with the range of estimates for the neutral rate.”
“He expressed himself the opinion that it was still interesting to advance rate hikes in the present phase”.
“HE expressed reservations about the proposal to communicate an intention for the March meeting“.
“It was observed that the short-term momentum of core inflation had also started to wane somewhat.”
“Markets were now paying more attention to core inflation than headline inflation to gauge underlying inflationary pressures.”
“Members agreed that there were no signs of a price-wage spiral“.
“Wage pressures were amplifying.”
“Better-than-expected growth prospects would contribute to continued inflationary pressures“.
Source: Fx Street
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