FRANKFURT – Top officials from the European Central Bank expressed concern at their last meeting about turbulent financial markets and the increasingly dim outlook for China and other emerging economies.
Members of the bank’s 25-member governing council also debated whether current low levels of inflation were becoming ingrained in wage and price agreements.
That’s according to a written summary released Thursday of the bank’s Jan. 21 meeting, when it left its policies unchanged.
Members said “the environment had deteriorated in emerging market economies in particular.”
The concerns expressed in the summary could push the council to add to its current stimulus measures when it next meets to review policy on March 10. Europe’s economy is experiencing a moderate recovery but faces risks from any slowdown in global trade that could hurt exports.