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Friday 17th February 2017

ECB minutes from January’s meeting confirmed that the central bank would look through increases in inflation triggered solely by a surge in energy prices.

ECB minutes from January’s meeting confirmed that the central bank would look through increases in inflation triggered solely by a surge in energy prices and would concentrate on whether there was any evidence of second-round inflation effects. The ECB expected that overall inflation pressures would remain muted despite an important element of uncertainty surrounding developments in wages and there was a further pledge to maintain a very accommodative monetary policy.

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