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As a fierce fiscal contraction gets under way, the current ultra-loose monetary stance remains reasonable.
By reducing credit availability national central banks can contravene the euro zone's wider monetary stance.
Some increase in volatility was likely as the monetary stance became less expansionary in advanced countries".
In their opening news conference, the two men supported the policy board's extremely loose monetary stance.
The O.E.C.D. said the Bank of Japan should keep its ultra-loose monetary stance until "underlying inflation is firmly positive".
The response this time does seem acute given the reversal of the Fed's monetary stance has been so gradual.
Similar(16)
But the rich world's central banks are not conducting synchronised tightening; instead their monetary stances are diverging.
TWO trends have dominated the world of burgernomics over the past six months: currency markets have bubbled like potatoes in a fryer as the oil price has fallen to finger-licking lows and central banks have cooked up new monetary stances.
"We have not changed our monetary policy stance," he said.
"We believe the current monetary policy stance will contribute to that objective," he said.
He emphasises several times the ECB's "accomodative" monetary policy stance.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com