In accordance with Blockbeats, on November 27, the European Central Bank (ECB) meeting minutes stated that its assessment of inflation outlook remains largely unchanged. Some officials believe the easing cycle has ended, as the current favorable outlook may persist unless risks materialize. The ECB emphasized that a cautious strategy increases the chances of maintaining stability, and monetary policy should not be fine-tuned for mild and temporary inflation deviations around the target, but only adjusted when significant deviations are expected in the medium term. However, most members noted that risks around the inflation outlook are two-way, and inflation forecasts remain more uncertain than before. Overall, the value of waiting for more information remains high.
ECB Meeting Minutes: Current Uncertainty Justifies Maintaining Interest Rates
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