Economics
ECB Pushed for Continued Stimulus While Fretting Over Trade
- ECB publishes account of March 7-8 monetary-policy meeting
- President Draghi is concerned about trade hitting confidence
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European Central Bank officials raised concern about U.S. trade protectionism last month, and rejected a push to declare that the conditions are almost in place to end their bond-buying program.
The account of the March 7-8 Governing Council meeting showed “the view being put forward” that policy makers were close to meeting the objective of putting inflation on a sustained path toward the medium-term goal of just under 2 percent. Officials decided there wasn’t enough evidence to make the call, with some arguing the slack in the economy may be bigger than thought.