Editorial: Accommodative monetary policy to continue until a sustained adjustment in the path of inflation is reached The amount of underutilized domestic capacity is expected to gradually be taken up, and the global economy's generally favourable outlook will support growth in the euro area. Together these factors support expectations that the inflation rate will slowly return to the policy objective. Share Email Twitter Facebook Linkedin Google+
Are market expectations in line with the forward guidance of the ECB? By promising low interest rates in the future, a central bank can provide stimulus for the economy today. The effectiveness of this kind of forward guidance can be assessed by the impact it has on market expectations regarding interest rates. Share Email Twitter Facebook Linkedin Google+
