ECB Minutes: Keeping QE open ended had broad support but few wanted clear end date
|Here are the key highlights from the minutes of the ECB monetary policy meeting held on 25-26 October 2017.
• Keeping QE open ended had broad support but few wanted clear end date
• Policymakers also discussed both bigger and smaller cut in QE purchases at Oct meeting
• Shorter and longer QE extension was also discussed but there was general agreement over 9 months
• Several policymakers argued for delinking forward guidance from inflation rise
• Growth data provides greater confidence in inflation path projection
• ECB sees short term upside growth risks
• Private sector bond buys won't be scaled down in proportion to over QE cut
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