ECB policy makers wary of further action despite uncertain future
It's time for fiscal policy, infrastructure investments, structural reforms to do the job, says one rate setter
Frankfurt
MANY European Central Bank policy makers are sceptical about the need for further policy action in the near term, conversations with five of them indicate, even as inflation expectations sink and some investors bank on more easing.
Next week's rate meeting is expected to be relatively uneventful with the big test coming when the ECB releases its initial 2018 growth and inflation forecasts on March 10.
But even were these to decline, some of the central bankers who spoke to Reuters said the ECB should not respond immediately. "We all…
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