February 22, 2018 / 12:45 PM / a month ago

Euro briefly spikes after ECB minutes

LONDON, Feb 22 (Reuters) - The euro reversed a brief spike on Thursday and was flat on the day after minutes from a European Central Bank meeting last month showed policymakers felt it was too early to change their communication stance to signal a policy shift.

The single currency was flat on the day after briefly rising 0.2 percent to the day’s highs at $1.23085.

Discussion over tweaking the bank’s stance could still start early this year but policymakers concluded the bank needed to avoid abrupt adjustments and to keep a close eye on the euro’s firming, according to the minutes.

European bonds and stocks were broadly unmoved by the minutes. (Reporting by Saikat Chatterjee; Editing by Dhara Ranasinghe)

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