ECB Minutes: Keeping QE open ended had broad support but few wanted clear end date

Haresh Menghani FXStreet

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

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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