Inflation outlook requires accommodative monetary policy

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Title: Inflation outlook requires accommodative monetary policy
Author: Liikanen, Erkki
Organization: Bank of Finland
Series: Bank of Finland. Bulletin
Series volume: 90
Series number: 1/2016
Year of publication: 2016
Publication date: 22.3.2016
Pages: 3-5
Subject (yso): inflaatio; rahapolitiikka
Keywords: maailmantalous; maailmankauppa
Other keywords: global economy; inflation; monetary policy; world trade
Abstract: The slowdown in the growth rates of world trade and the emerging economies as well as increased financial market uncertainties have overshadowed euro area economic activity. World trade growth is dampened particularly by weaker growth in the emerging economies, including China. In the euro area, growth continues to rest on domestic demand. In view of the weakened economic and inflation outlook, the Governing Council of the ECB decided in March 2016 on several measures in the pursuit of its price stability objective. Other significant factors with worldwide effects extending far into the future include management of climate change, large fluctuations in commodity prices and a considerable increase in population migration.
Note: Editorial

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