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    Published on Friday, January 20, 2017 | Updated on Friday, January 20, 2017

    The ECB remains patient

    Summary

    As widely expected, the ECB has remained on hold and has not changed its communication. On inflation, also as expected, the ECB has put the focus on underlying inflation -that remains subdued- instead of headline, thus trying to dampen any concerns on inflation. Draghi remarked that the tapering issue was not discussed and he wanted to avoid any speculation on this issue

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    Authors

    Agustín García BBVA Research - Lead Economist
    Juan Navarro
    Cristina Varela BBVA Research - Principal Economist

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    Report (PDF)

    0117-ecb-watch

    English - January 20, 2017

    Report (PDF)

    0117-ecb-watch-spa

    Spanish - January 20, 2017

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