The A'sMinutes from the European Central Bank's (ECB) March monetary policy meeting showed on Thursday that inflation in the Eurozone is expected to continue its downward trend in the coming months.
Main conclusions
“There was further progress across all three elements, justifying greater confidence that inflation was on track to meet the ECB's target.”
“More data and evidence were needed for the Governing Council to be sufficiently sure of this.”
“An irregular profile was expected and a minimum after the summer.”
“There were signs that wage growth was beginning to moderate.”
“Members expressed greater confidence that inflation was on track to decline steadily to the 2% inflation target in a timely manner.”
“It is important not to become complacent, since the disinflationary process remained fragile.”
“The case for considering rate cuts was strengthened.”
Source: Fx Street
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