FRANKFURT, Germany – Top officials at the European Central Bank remain open to providing new stimulus to raise inflation, but for now are emphasizing carrying out measures they have already agreed on.
That's according to a written account released Thursday of the Sept. 8 meeting of the bank's 25-member governing council.
The council members stressed their commitment to continue at least through March 2017 with the stimulus program that entails buying 80 billion euros in bonds every month with newly created money. The program aims to raise inflation from an annual 0.4 percent toward the bank's goal of just under 2 percent, considered more in line with a healthy economy.
That stimulus, along with record low benchmark interest rates, "had not yet filtered through to final variables such as growth and inflation."