ECB Says Too Early to Think About Easing Stimulus

February 16, 2017 Share Print 0

Top European Central Bank officials saw “no room for complacency” when it came to supporting the economic recovery with continued stimulus at least through the end of the year.

That was the view contained in the written account of the Jan. 19 meeting of the bank’s 25-member governing council.

The officials decided it was too early to even think about easing off their stimulus measures and instead stressed their determination to keep pumping newly printed money into the economy.

That supports lending to businesses and economic growth, helping shield the recovery against possible disruption, such as from unexpected political developments.

While some economic signs have pointed up, officials decided that “the fundamental picture remained largely unaltered and there was no room for complacency, as risks and uncertainties had not receded substantially,” the account read.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.