FOREX TradingCharts.com

Financial News: ECB Policymakers Still See Need For Ample Stimulus:

ECB Policymakers Still See Need For Ample Stimulus: Minutes

02/18/2021 - 11:46:00 (RTTNews)

(RTTNews) - European Central Bank policymakers continued to assess that there was a case for maintaining ample stimulus and stressed that measures that were put in place in December should be given time to take full effect, the minutes of the latest policy meeting showed Thursday.

"Members agreed that ample monetary stimulus remained essential to preserve favorable financing conditions over the pandemic period," the minutes of the meeting, which the ECB calls 'account', said.

During the January 20-21 meeting, an argument was put forward that monetary policy should keep a steady hand. Rate-setters also agreed that that there was no room for complacency though there were signs of recovery gaining speed on roll-out of vaccinations against the coronavirus pandemic. That said, it was argued that the fast rebound in growth foreseen in the December staff projections might be too optimistic, with Eurozone growth in the second quarter of 2021 possibly at risk from extended lockdowns.

The euro exchange rate remained a worry for policymakers, the minutes showed. "Concerns were voiced...over developments in the exchange rate that might have negative implications for euro area financial conditions and, ultimately, consequences for the inflation outlook," the minutes said. The view that nominal yields were not an appropriate benchmark for assessing whether financing conditions remained favourable was reconfirmed. Nominal yields could rise because of a better economic outlook and higher inflation expectations, the bank noted. Further, members agreed that not every increase in nominal yields should be interpreted as an unwarranted tightening of financing conditions and trigger a corresponding policy response.

"What mattered from a monetary policy perspective was the evolution of real rates, which had declined to record low levels in recent weeks," the minutes said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Industrial Production Rises 4.2% In January (59 min(s), 59 sec(s) ago)
(RTTNews) - Industrial output in Japan was up a seasonally adjusted 4.2 percent on month in Januar ...Full Story»

Japan Retail Sales Slip 0.5% In January (01 hr(s), 24 min(s), 59 sec(s) ago)
(RTTNews) - The value of retail sales in Japan was down a seasonally adjusted 0.5 percent on month ...Full Story»

Japan Industrial Output Climbs 4.2% In January (01 hr(s), 34 min(s), 59 sec(s) ago)
(RTTNews) - Industrial production in Japan was up a seasonally adjusted 4.2 percent on month in Ja ...Full Story»

Tokyo Inflation Slides 0.3% On Year In February (01 hr(s), 59 min(s), 59 sec(s) ago)
(RTTNews) - Overall consumer prices in the Tokyo region of Japan - considered a leading indicator ...Full Story»

Japan Data On Tap For Friday (03 hr(s), 09 min(s), 59 sec(s) ago)
(RTTNews) - Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asi ...Full Story»

New Zealand Has NZ$626 Million Trade Shortfall (03 hr(s), 43 min(s), 59 sec(s) ago)
(RTTNews) - New Zealand had a merchandise trade deficit of NZ$626 million in January, Statistics N ...Full Story»

Portugal Consumer Confidence Weakens In February (10 hr(s), 08 min(s), 59 sec(s) ago)
(RTTNews) - Portugal's consumer confidence deteriorated in February after strengthening in the ...Full Story»

U.S. Pending Home Sales Unexpectedly Show Steep Drop In January (10 hr(s), 24 min(s), 59 sec(s) ago)
(RTTNews) - With inventory constraints continuing to hold back prospective buyers, the National As ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Industrial Production Rises 4.2% In January

02/25/2021 - 19:40 PM (RTTNews)
(RTTNews) - Industrial output in Japan was up a seasonally adjusted 4.2 percent on month in Januar ...Full Story>>

Japan Retail Sales Slip 0.5% In January

02/25/2021 - 19:15 PM (RTTNews)
(RTTNews) - The value of retail sales in Japan was down a seasonally adjusted 0.5 percent on month ...Full Story>>

Japan Industrial Output Climbs 4.2% In January

02/25/2021 - 19:05 PM (RTTNews)
(RTTNews) - Industrial production in Japan was up a seasonally adjusted 4.2 percent on month in Ja ...Full Story>>

Tokyo Inflation Slides 0.3% On Year In February

02/25/2021 - 18:40 PM (RTTNews)
(RTTNews) - Overall consumer prices in the Tokyo region of Japan - considered a leading indicator ...Full Story>>

Japan Data On Tap For Friday

02/25/2021 - 17:30 PM (RTTNews)
(RTTNews) - Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asi ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.