ECB Minutes: Some council members considered risks ‘broadly balanced’

ECB minutes
– Should consider adjusting guidance if progress made
– Can’t rule out cut in inflation outlook in June
– Broadly agreed configuration of risks improved
The ECB put the focus on its upcoming June forecasts for what could be the start of a pivot in monetary policy. We learned last week from a report that the ECB has tentatively planned to start talking about a better outlook in the Summer and the reveal plans to taper QE buying in September.