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ECB Minutes: Keeping QE open ended had broad support but few wanted clear end date

Here are the key highlights from the minutes of the ECB monetary policy meeting held on 25-26 October 2017.

   •  Keeping QE open ended had broad support but few wanted clear end date
   •  Policymakers also discussed both bigger and smaller cut in QE purchases at Oct meeting
   •  Shorter and longer QE extension was also discussed but there was general agreement over 9 months
   •  Several policymakers argued for delinking forward guidance from inflation rise
   •  Growth data provides greater confidence in inflation path projection
   •  ECB sees short term upside growth risks
   •  Private sector bond buys won't be scaled down in proportion to over QE cut

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