European Central Bank policymakers acknowledged that the uncertainty surrounding the euro area growth and inflation outlook has risen recently, thus raising the need for significant stimulus, possibly in the form of a new batch of longer term loans for banks to boost lending to the real economy, minutes of the January 23-24 policy session showed on Thursday.
"There was wide agreement that the continued convergence of inflation to the Governing Council's aim in the period ahead still required an ample degree of monetary accommodation," the ECB said in the minutes, which it calls "account of the monetary policy meeting". In January, the bank left its key interest rates and forward guidance unchanged. In December, the bank ended its four-year long massive asset purchase scheme of EUR 2.6 trillion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.