Economics
ECB Commits to Lift Inflation With Forecast Built on Market View
- Central bank publishes account of Sept. 7-8 policy meeting
- Officials wanted to leave ‘no doubt’ QE can be completed
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The European Central Bank said it will do what’s needed to meet its inflation goal, and acknowledged that the path to get there is partly built on investor expectations for future stimulus.
“The projected path of inflation was conditional on exceptionally supportive financing conditions, which to a large extent reflected the current accommodative monetary-policy stance and prevailing market expectations about the future course of monetary policy, according to an account of the Sept. 7-8 meeting published on Thursday. “Members reiterated their full commitment to bringing inflation back to levels in line with the Governing Council’s medium-term aim without undue delay.”