An ample degree of monetary stimulus remains necessary

Here are some of the key highlights from the latest ECB Economic Bulletin: Update on economic and monetary developments, released this Thursday.

   •  Interest rates are expected to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases
   •  An ample degree of monetary stimulus remains necessary
   •  Annual rates of headline inflation are likely to hover around current levels in the coming months
   •  Measures of underlying inflation remain subdued and are yet to show convincing signs of a sustained upward trend
   •  Inflation is expected to rise gradually over the medium term, supported by the ECB’s monetary policy measures and the continuing economic expansion
   •  Latest economic indicators point to a continuation of recent robust growth pattern in the short term

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