Central Banks


ECB releases its account of the 12-13 September governing council meeting

  • Risk can be seen to be tilted to the downside
  • Discussed impact of protectionism in greater detail
  • Large part of euro appreciation is due to Turkey developments
  • Views that risks are broadly balanced with regards to domestic economy strength
  • Policy stance remains robust in the event of small changes to the outlook
  • Eurozone growth moderation reflects return to potential
  • Domestic cost pressures are strengthening, broadening

ForexLive

Nothing much that changes the outlook in the euro really. Very much a repeat of what we’ve already heard from most ECB governing council members during the past month. If anything, the thing to note is that they are concerned about recent developments on the trade rhetoric and it’s something that warrants some attention moving forward as it will affect the ECB’s growth outlook.



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