ECB Must Keep Options Open Beyond December Amid Uncertainty: Accounts

ECB Must Keep Options Open Beyond December Amid Uncertainty: Accounts
The headquarters of the European Central Bank (ECB) in Frankfurt, Germany, on March 12, 2016. Kai Pfaffenbach/Reuters
Reuters
Updated:

FRANKFURT—The European Central Bank must keep its policy options open beyond a crucial meeting in December as uncertainty over the likely evolution of inflation is exceptionally high, policymakers concluded in October, according to the accounts of the meeting.

High inflation is still largely seen as temporary but the current “hump” in prices will be more durable than once thought, raising the risk that wages will start to adjust and keep price growth elevated, the accounts showed.