Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/157617 
Year of Publication: 
2017
Series/Report no.: 
IW-Kurzbericht No. 27.2017
Publisher: 
Institut der deutschen Wirtschaft (IW), Köln
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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