SUBSCRIBERS
ECB warns against fuelling undue expectations on stimulus
But officials say they need to reiterate their "capacity and readiness to act" if necessary
Published Thu, Aug 18, 2016 · 09:50 PM
Frankfurt
EUROPEAN Central Bank (ECB) officials "widely" agreed that their immediate reaction to the outcome of the UK's referendum shouldn't fuel excessive speculation about more stimulus.
"The view was widely shared that the Governing Council needed to reiterate its capacity and readiness to act, if warranted, to achieve its objective, using all the instruments available within its mandate, while not fostering undue expectations about the future course of monetary policy," according to an account of the July 20-21 meeting published on Thursday.
Share with us your feedback on BT's products and services
