ECB Meeting: According to the accounts of the December ECB (European Central Bank) monetary policy meeting, it was cautioned that a “higher for longer” inflation scenario could not be ruled out.
ECB Monetary Policy
ECB Monetary Policy Update — 28 April 2017
ECB drops zero hints on exiting the quantitative easing program
In the recent policy meeting dated 27th April 2017, the European Central Bank left its ultra-easy policy stance in place. The key interest rates were kept unchanged at “0 percent” and the monthly asset purchases were to be done at €60 billion till the end of December’17 or beyond until the ECB achieves it’s 2 percent inflation target.