IW Monetary Outlook: ECB at the Crossroads

The ECB has left its policy interest rates unchanged despite inflationary pressures stemming from a strengthened recovery and from rising oil prices. Although the ECB's Governing Council did not discuss a renewal of the long-term refinancing operations, which will expire in 2020, its monetary policy stance is still too accommodative.

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Year of publication:	2017
Authors:	Demary, Markus ; Hüther, Michael
Publisher:	Köln : Institut der deutschen Wirtschaft (IW)

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Series:	IW-Kurzbericht ; 27.2017
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Research Report
Language:	English
Other identifiers:	884890082 [GVK] hdl:10419/157617 [Handle] RePEc:zbw:iwkkur:272017 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011641745