ECB accounts: Next meeting widely seen as good time to evaluate policy restrictiveness


  • Medium-term outlook had not changed overall relative to June meeting
  • Short-term outlook has become somewhat more “stagflationary”
  • But weaker activity is likely to dampen inflation over time
  • Economic balance remains lopsided, mostly still driven by services activity
  • Labour market remains tight

This article was written by Justin Low at www.forexlive.com.