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ECB: Main statement changes (ex-forecast and rate decision)

ECB
BundesbankCentral Bank NewsEM BulletEuropean Central BankEmerging Market NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • "The disinflation process is well on track." - this remains but has moved to the bit with the projections.
  • They have changed the language on inflation returning to 2% in a timely manner to "stabilises sustainably at its 2% medium-term target."
  • They have also dropped restrictive - Now "follow a data-dependent and meeting-by-meeting approach to determining the appropriate monetary policy stance" - last 3 words were previously "level and duration of restriction."
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  • "The disinflation process is well on track." - this remains but has moved to the bit with the projections.
  • They have changed the language on inflation returning to 2% in a timely manner to "stabilises sustainably at its 2% medium-term target."
  • They have also dropped restrictive - Now "follow a data-dependent and meeting-by-meeting approach to determining the appropriate monetary policy stance" - last 3 words were previously "level and duration of restriction."