ECB council divided on forward guidance, minutes show

European Central Bank
European Central Bank headquarters, Frankfurt

The minutes of the latest European Central Bank policy meeting on July 22 confirmed the governing council’s divisions on its new forward guidance.

The accounts published on August 26 acknowledge that “few members upheld their reservations”. A group of governing council members considers the ECB’s new policy guidance on interest rates indirectly entails an overshooting of the 2% inflation target. The minutes say they think this framework will keep interest rates at their present or lower levels

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: