ECB minutes: Economic outlook is more uncertain, caution needed
|Here are some of the key highlights from the latest ECB Monetary Policy Meeting Accounts (minutes) released this Thursday.
• Confident that inflation would rise towards target in medium-term.
• A view was expressed that ECB was close to a sustained adjustment of inflation, but most disagreed with that view.
• Risks of protectionism have become more pronounced.
• Protectionism raises uncertainty over economic outlook.
• Trade woes can trigger disorderly FX moves, volatility.
• Economic outlook is more uncertain, caution needed.
• More pronounced weakening of demand can't be ruled out.
• Strengthening nominal wage growth provided some comfort.
• Growth risks broadly balanced and growth is still solid, broad-based.
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