ECB minutes from January’s meeting confirmed that the central bank would look through increases in inflation
SGM-FX Fri 17 Feb 2017
ECB minutes from January’s meeting confirmed that the central bank would look through increases in inflation triggered solely by a surge in energy prices and would concentrate on whether there was any evidence of second-round inflation effects.
The ECB expected that overall inflation pressures would remain muted despite an important element of uncertainty surrounding developments in wages and there was a further pledge to maintain a very accommodative monetary policy.
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