Nevertheless, the apparent success of the ECB's policy in overcoming the threat of deflation increased speculation about
a potential tightening of monetary policy, possibly even before the cessation of the central bank's bond purchases — scheduled to continue for at least the rest of the year — and in the wake of the ECB meeting pushed market estimates of the odds of a rise in official interest rates before the end of 2017 to more than 50 %.
Not exact matches
However, protectionism, unexpected rapid
tightening of monetary policy in some countries, and geopolitical tensions in North Korea and the Middle East pose
potential risks to global growth, Kuroda said.
But protectionism, unexpected rapid
tightening of monetary policy in some countries, and geopolitical tensions in North Korea and the Middle East pose
potential risks, Kuroda said.
But AMRO said its outlook is not without risks as it warned
of the
potential impact
of faster - than - expected
monetary policy tightening on global financial conditions, and escalation
of global trade tensions, on capital flows and borrowing costs.
We think the speculation about a
potential future
tightening of monetary policy by the ECB — whether in the form
of a tapering
of bond purchases or a rise in interest rates — has moved too far ahead
of the economic and political realities within the eurozone.