ECB minutes display a cautionary call for action – Rabobank

By FXStreet Analysts at Rabobank summarized the main take away from the ECB minutes.

Key Quotes:

“Overall, it remains clear from these meeting minutes that the ECB is willing to do more, but not necessarily at all costs and only after another thorough analysis of the risks of second round effects and the efficacy of its policy instruments.

However, some of the reservations that were expressed in the policy deliberations in January, as well as the emphasis on appropriate communication, would also suggest that the ECB is keen to avoiding the market volatility seen around the Dec 2015 meeting.

From that perspective, we think that, come 10 March, the ECB will again discuss and strive for a comprehensive package of measures, but where the final and detailed decisions in that meeting will strongly depend on the most recent data and the state of the financial markets at that particular point in time.”
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Source:: FX Street