Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/157617
Authors: 
Demary, Markus
Hüther, Michael
Year of Publication: 
2017
Series/Report no.: 
IW-Kurzberichte 27.2017
Abstract: 
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.
Document Type: 
Research Report

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