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ECB minutes: views on QE split

On Thursday for the first time ever the European Central Bank released its monetary policy meeting minutes. On Jan. 22 the European regulator announced a full scale QE program. Here are the key points cpolicy makers discussed during the meeting: 

  • All members agreed QE is a policy tool (beating any legal arguments from Germany)
  • Large number of council members supported buying government debt, they also discussed buying corporate debt
  • Some members opposed QE in January, calling it "a last resort"
  • Purchases will be finished when inflation goal achieved
  • Members see price stability outlook worsened
  • Without action, recent positive market developments could reverse


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