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  • Account of the monetary policy meeting of the Governing Council

    From ecb.europa.eu

    Ms Schnabel noted that uncertainty had increased in financial markets since the Governing Council’s previous monetary policy meeting on 7-8 September 2022. This had occurred amid persistently high inflation and elevated fears of a recession, with increased attention on potential financial instability. Inflation concerns had remained the dominant driver of financial market developments, as inflation outcomes had continued to surprise to the upside, leading to a renewed adjustment of market expectations for monetary policy globally. Against the background of persistent inflation surprises, investors had sharply ... (full story)

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