London, Thursday, 7 April 2022
According to minutes from the ECB's most recent meeting on March 9-10, some officials claimed that the pace of asset purchases was no longer appropriate, and the general view was that purchases had now achieved the goal.
At the same time, many policymakers believe that the current high level of inflation and its persistence require quick monetary policy normalisation, even though the prerequisites for raising rates have been satisfied or are about to be met.
During its March 2022 meeting, the ECB surprised everyone by speeding up the asset purchase programme for the next months, stating that the APP might conclude in the third quarter if the medium-term inflation outlook does not deteriorate.
(Source: European Central Bank // Edited by: The Decision Maker)