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HomeEconomic bulletin. Issue 6 / 2017
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At its monetary policy meeting on 7 September 2017, the Governing Council assessed that while the ongoing economic expansion provides confidence that inflation will gradually head to levels in line with its inflation aim, it has yet to translate sufficiently into stronger inflation dynamics. The economic expansion, which accelerated more than expected in the first half of 2017, continues to be solid and broad-based across countries and sectors. At the same time, the recent volatility in the exchange rate represents a source of uncertainty which requires monitoring with regard to its possible implications for the medium-term outlook for price stability. Measures of underlying inflation have ticked up slightly in recent months but, overall, remain at subdued levels. Therefore, a very substantial degree of monetary accommodation is still needed for underlying inflation pressures to gradually build up and support headline inflation developments in the medium term. The Governing Council thus maintained its monetary stance and will decide in the autumn on the calibration of the policy instruments beyond the end of the year.
- Offentliggjort:
- Forfatter(e): European Central Bank
- Emner: Økonomi — Finanser
- Emne: economic policy , economic situation , euro area , monetary policy , serial publication
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| ISSN 2363-3417 | ISBN | DOI | Katalognummer QB-BP-17-006-EN-N |
- Released on EU publications website:
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