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CashAnalytics Summary Series: ECB Economic Bulletin March 2018

ECB Building seen from the Honsell Bridge
Posted by John Champion March 22, 2018

The CashAnalytics Summary Series takes major Central Banks’ extensive reports (often well over 150 pages), and summarises them into 5 minute reads.

This release summarises the 2nd edition of the ECB Economic Bulletin for 2018, which was released on the 22nd March.

The key points covered in the report include:

  • Key ECB interest rates were unchanged and are expected to remain at present levels for “an extended period of time”.
  • The Governing council confirm the need for “an ample degree of monetary accommodation” to return inflation rates towards levels that are “below, but close to, 2%”.
  • The rate of global economic expansion strengthened in the second half of 2017, with resilient US real GDP growth.
  • Growth in the euro area was robust in Q4 2017, with real GDP rising by 0.6% quarter-on-quarter.
  • Net asset purchases are intended to continue at €30 billion per month until the end of September 2018 or beyond.

To read the summary of the ECB Economic Bulletin, please click here.