ECB Minutes Showed Some Disagreement - Investec
Research Team at Investec, suggests that in Europe, some attention was
also paid to the release of the ECB minutes from their meeting four
weeks ago.
Key Quotes
“The release shows
there was some disagreement around some of the finer details of the
announced package, as some officials were apparently in favour of
considering an even deeper rate cut last month. It was also revealed
that incentives for banks that expand lending received 'very broad
support' but that the expansion to including corporate bonds purchases
received just 'broad support'.
Also from Europe yesterday, in
the ECB's annual bank report, ECB President Draghi was quoted as saying
that 'we face continued disinflationary forces' and 'that we face
questions about the direction of Europe and its resilience to new
shocks'. However the President confirmed that in light of this 'our
commitment to our mandate will continue to be an anchor of confidence
for the people of Europe' and in a separate speech later on in the day
noted that the Bank will do 'whatever is needed' to lift inflation.”
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