The euro eased back on Thursday after minutes from the European Central Bank’s January meeting showed officials thought inflation still is too low to tighten policy. The shared currency fell to $1.2282 after trading around $1.2293 ahead of the report. The minutes showed the policy makers thought it was “premature” to change its forward guidance at its January meeting as inflation remained too far from the ECB’s target of just below 2%. However, the account also showed that the ECB could revisit its forward guidance on quantitative easing “early this year”.
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