Bank of Finland's Rehn: ECB Package Was Response to Inflation Shortfall

The transcript discusses the European Central Bank's (ECB) decision to adopt a highly accommodative monetary policy, including open-ended quantitative easing (QE) and rate cuts, in response to low inflation and economic challenges such as trade wars. Despite some internal disagreements, the ECB aims to support growth and job creation. The market's reaction to these measures is mixed, with concerns about prolonged QE. The ECB defends its actions as necessary, while also considering a review of its 2% inflation target.

What were the concerns raised by some colleagues regarding the announced measures?

What was the ECB's response to the shortfall in inflation?

How did the Governing Council justify their decision on monetary policy?

What is the significance of maintaining unity in public appearances for the ECB?

What does the term 'QE Infinity' refer to in the context of the ECB's monetary policy?

Why is the 2% inflation target considered important by the ECB?

What was proposed regarding the strategy review of the ECB's monetary policy framework?