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Account of the monetary policy meeting of the Governing Council of the ECB held in Frankfurt am Main on Wednesday and Thursday, 29-30 April 2026
Ms Schnabel started her presentation by noting that since the Governing Council's previous monetary policy meeting on 18-19 March 2026, movements in euro area financial markets had continued to be driven by developments in the Middle East and their impact on energy prices. Amid elevated volatility, markets continued to expect the oil price shock to be persistent. Although upside risks had moderated, oil was priced significantly higher, over an extended period of time, than it had been before the start of the war in the Middle East. As a result, markets continued to price in a notable and sustained inflationary ... (full story)
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ECB ACCOUNTS: UPSIDE RISKS TO INFLATION AND DOWNSIDE RISKS TO GROWTH HAD INTENSIFIED.
— *Walter Bloomberg (@DeItaone) May 28, 2026
ECB ACCOUNTS: WEAKNESS COULD PERSIST WELL BEYOND THE END OF THE CONFLICT
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Just in | ECB Reports: Consumer side shows no signs of second-round effects as wage negotiations are yet to occur.
— Markets Capital (@MarketsCapApp) May 28, 2026
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ECB REPORT SHOWS IT'S STILL TOO EARLY TO SEE SECOND-ROUND EFFECTS ON CONSUMERS, AS WAGE NEGOTIATIONS ARE REQUIRED.
— First Squawk (@FirstSquawk) May 28, 2026
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