(Source: Bank of Finland) of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 9-10 March 2016 1. Review of financial, economic and monetary developments and policy options Financial market developments Mr Cœuré reviewed financial market developments since the Governing Council's previous monetary policy meeting on 20-21 January 2016. The global economic outlook had deteriorated further, accompanied by bouts of market volatility, particularly in markets for bank liabilities. Oil prices had rebounded in February after having fallen to their lowest level since 2003. The outlook for oil prices remained uncertain, however, as the oil market...
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