Weaker Reflation Makes ECB Goal Harder To Reach
- Normalizing inflation and unemployment to acceptable levels is still very difficult
- Broader Measure Of Unemployment Still High
- Creation of a Euro finance minister may be justified
- We Have No Official Position On QE Stock Vs Flow
- Stocks Of Bonds On B/Sheet Very Important In Accommodation
- Inflation Expectations Remain ‘Somewhat Subdued”
https://www.ecb.europa.eu/press/key/date/2017/html/ecb.sp171013_1/ecb.sp171013_1_slides.en.pdf
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