ECB minutes: Key Takeaways

Minutes from the recent ECB meeting has just been released.

The publication did not bring much surprise. During the last meeting ECB noted possibility that pandemic might have longer-lasting effects which will take a toll on demand side, supply side, reducing growth potential. Policymakers stressed that any sign of complacency could be detrimental.

There is no reaction to the release on the markets, EURUSD moved only slightly lower and then recovered. Pair still remains slightly below the key 1.19 level.

EURUSD saw relatively small reaction to today’s ECB minutes release. The most popular currency pair continues to trade around 1.1890 level. Source: xStation5

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