ECB Draghi's press conference now under way 8 March
- underlying inflation subdued
- inflation to hover around 1.55 for remainder of 2018
- will rise after supported by mon pol measures
- will continue to monitor fx developments
- EZ growth risks broadly balanced
- downside risk inc rise in global protectionism
Hello Don. Message from Mario!
- raises 2018 GDP f/c to 2.4% vs 2.3%
- HICP: 1.4% in 2018 (prev 1.4%), 1.4% in 2019 (prev 1.5%), 1.7% in 2020 (prev 1.7%)
Watch the Draghster unveil his magic here
Meanwhile EURUSD rises to 1.2447 as USD supply returns. EURGBP up to 0.8951 as GBPUSD capped around 1.3900 per my previous post.
