ECB Foresaw Unpredictable Economic Spillovers Before Brexit Vote

  • Central bank publishes account of June 2 policy meeting
  • Governing Council discussed constraints on asset purchases

European Central Bank policy makers estimated in June that the recovery in the 19-nation euro area would proceed at a “moderate but steady pace,” though subject to “difficult to anticipate” risks from the U.K.’s vote on leaving the European Union.

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