Minutes were released yesterday from the ECB’s latest meeting, showing that the Bank agreed not to be complacent in their approach to supporting the economy through the recession. Chief economist Philip Lane said inflation expectations were at “very depressed” levels and at risk of falling further.
They also acknowledged that so far, the EU economy has performed roughly in line with expectations. They also said that they would continue to monitor the euro and its ‘rate of appreciation’, despite the currency weakening from previous highs over the last month.
