Account of the monetary policy meeting, 24-25 July 2019
(WorldNews Finland)

of the Governing Council of the European Central Bank, held in Frankfurt am Main on Wednesday and Thursday, 24-25 July 2019 1. Review of financial, economic and monetary developments and policy options Financial market developments Mr Coeuré reviewed the financial market developments since the Governing Council`s previous monetary policy meeting on 5-6 June 2019. Sovereign bond yields had temporarily fallen to multi-year lows in the United States, the United Kingdom and Japan, and to new record lows in large parts of the euro area. Econometric evidence suggested that expectations of further global monetary policy easing had been the main driver behind the fall in euro area ten-year overnight...