ECB: New upside risks – Nordea Markets

Jan von Gerich, analyst at Nordea Markets, thinks that the discussion on new easing measures will pick up in the upcoming ECB meetings, after the monetary policy account confirmed that the central bank remains comfortable with the current monetary policy setup.

Key Quotes

“In the December meeting, the ECB remained optimistic on the growth outlook and there was no real discussion on new easing measures.”

“Monetary policy needs to remain prudent, patient and persistent and to continue to be data-driven in the period ahead.”

“The forward guidance on rates is the primary tool for adjusting the monetary policy stance.”

“Still lot of confidence towards higher inflation.”

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