ECB WATCH | Change of climate

Summary

Today’s ECB statement saw very minor changes in the key paragraphs related to monetary policy. The ECB confirmed the risks surrounding the outlook are less pronounced.

Key points

• Key points:
• No changes in rates nor in the main stance of monetary policy.
• The statement notes a mild increase in underlying inflation and a slightly less negative balance of risks thanks to the US-China trade agreement.
• The ECB launched its strategic review for 2020, which took most of the time in the press conference, with special emphasis on climate change.

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