ECB’s Account of its monetary policy meeting on January 20-21 was largely consistent with the dovish tone ECB President Mario Draghi adopted at the January press conference, suggesting that the monetary policy stance could be reviewed and reconsidered at the March meeting due to increased downside risks to the Euro area. Nevertheless, there was no discussion on preferred policy options for further easing, but only a confirmation that a wide range of instruments and tools could be used.
ECB’s January minutes: Weaker growth prospects call for a review of the monetary policy stance in March
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