ECB minutes: Economic outlook is more uncertain, caution needed

Here are some of the key highlights from the latest ECB Monetary Policy Meeting Accounts (minutes) released this Thursday. 

   •  Confident that inflation would rise towards target in medium-term.
   •  A view was expressed that ECB was close to a sustained adjustment of inflation, but most disagreed with that view.
   •  Risks of protectionism have become more pronounced.
   •  Protectionism raises uncertainty over economic outlook.
   •  Trade woes can trigger disorderly FX moves, volatility.
   •  Economic outlook is more uncertain, caution needed.
   •  More pronounced weakening of demand can't be ruled out.
   •  Strengthening nominal wage growth provided some comfort.
   •  Growth risks broadly balanced and growth is still solid, broad-based.