ECB Sees Chance of Shift in Stimulus Message Early This Year

Any changes depend on inflation outlook, and will be gradual
One policy maker questioned why ECB remains in ‘crisis’ mode

More and more ECB council members see the need for a language shift. Bloomberg’s Carolynn Look reports.Source: Bloomberg

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By Alessandro Speciale

January 11, 2018 at 12:30 PM UTC

Updated on

January 11, 2018 at 2:22 PM UTC

This article is for subscribers only.

European Central Bank policy makers said they’re open to tweaking their policy guidance soon to align it with a strengthening economy, spurring a rise in the euro as traders bet bond-buying will end in September.

In the account of its December meeting, the Governing Council said there was a “widely shared” view among officials that communication would need to evolve gradually based on the outlook for growth and inflation. But the language on the monetary-policy stance could be revisited early this year.