(Source: Bank of Finland) of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 7-8 December 2016 1. Review of financial, economic and monetary developments and policy options Financial market developments Mr Cœuré reviewed the latest financial market developments. Global developments since the Governing Council's previous monetary policy meeting on 19-20 October 2016 had been characterised by sizeable market movements with a general repricing, an increase in volatility across asset classes and an upward move in global inflation expectations. In most international markets, a strong move away from bonds and towards equity had been observed....
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