ECB Council Left Changes for June After Disagreeing on Risks
- Central bank publishes account of April 26-27 policy meeting
- Policy makers urge for cautious communication of exit plans
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European Central Bank policy makers pointed to June to revisit their policy stance after differing on how much the region’s economic outlook had improved.
At the next policy meeting on June 8, new staff projections and data will put officials “in a better position to take stock and reassess the sustainability of the recovery and the outlook for inflation,” an account of the Governing Council’s April 26-27 meeting showed. Back then, members were still divided on how to characterize growth risks even if they largely agreed these had improved, while the inflation outlook was subdued and could be prone to downward revisions.