Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 8-9 March 2017 1. Review of financial, economic and monetary developments and policy options Financial market developments Mr Cœuré reviewed the latest financial market developments. Since the Governing Council's previous monetary policy meeting on 18-19 January 2017, two key developments had taken place. First, financial markets had significantly repriced monetary policy expectations in the United States. Second, events in the euro area had impacted both the short and the long end of the yield curve. In the United States, financial markets had...
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