Summing up, although the incoming data for the first quarter of 2019 have been somewhat better than expected, weak global trade and the prolonged presence of uncertainties continue to act as a drag on euro area growth.
The monetary policy stance This led the ECB’s Governing Council, at its meeting on 6 June, to take a series of decisions in pursuit of its price stability objective. First, we decided to adjust our forward guidance on the key ECB interest rates.