Tags: APFN | EU | Europe | Economy

European Central Bank Officials Cautious Despite Recovery

Thursday, 11 January 2018 07:39 AM

FRANKFURT, Germany (AP) — Top officials at the European Central Bank at their last meeting remained wary of prematurely signaling the next steps in an expected exit from their monetary stimulus polices.

Members of the 25-person governing council that sets monetary policy widely agreed on "the merits of a steady hand in communication" in order to keep markets from anticipating an eventual end to the stimulus and sending interest rates higher in anticipation.

That's according to the written account of the Dec. 14 meeting, when the council left rates and stimulus unchanged. The bank said in October it would continue its bond purchase stimulus at a reduced rate of 30 billion euros ($36 billion) per month at least through September, but left the exact end date unclear.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Europe
Top officials at the European Central Bank at their last meeting remained wary of prematurely signaling the next steps in an expected exit from their monetary stimulus polices.Members of the 25-person governing council that sets monetary policy widely agreed on "the merits...
APFN,EU,Europe,Economy
126
2018-39-11
Thursday, 11 January 2018 07:39 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved