- We are doing pretty well
- We expect growth to be in a good place in the coming years on good fundamentals and resilient labour market
- Uncertainty is still there
- Risks to inflation very balanced
- We are in a good place
- We will be close to target for the next two years
- Inflation expectations are well anchored
These comments basically reflect the core of the ECB governing council. They now feel very good about the economy, inflation risk and so on, so they don’t feel in the need to adjust rates further at all. Small deviations from their 2% target will not automatically call for rate adjustments.
This article was written by Giuseppe Dellamotta at investinglive.com.
