Published yesterday and covering the European Central Bank’s meeting on the 7 & 8th March the minutes noted that all members expressed ‘widespread concern’ that trade-wars ‘could be expected to have an adverse impact on activity for all countries involved’. They also said financial conditions had deteriorated despite better economic growth, that volatility in the FX market was a problem, and that the strong euro ‘could be expected to have a more negative impact on inflation’. Therefore, they will continue their bond-buying operation, reports City AM.
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