ECB bulletin now out 2 Feb
- largely due to energy prices
- underlying inflation pressures subdued
- ECB will continue to look through changes in HICP inflation if judged to be transient and to have no implication for the medium-term outlook for price stability
Elsewhere the German savings bank association and now the deputy fin min have both made calls for ECB to prepare for QE exit.
EURUSD 1.0818 just running out of steam after posting 8 week highs of 1.0818 but expect dip demand to continue.