BLOOMBERG Bloomberg Real Yield July 23, 2017
A very substantial degree of monetary accommodation is still needed for underlying inflation pressures to gradually build up and support headline Inflation Development in the mediumterm. We are also unanimous in communicating no change to the forward guidance. We only have to wait for wages and prices. We were unanimous in setting no precise date for when to discuss changes. The last thing the governing council may want is an unwanted tightening of the financing conditions. Jonathan joining me around the table today is the cohead of Global Portfolio management fixed income at Goldman Sachs ass...