ECB member Erkki Liikanen speaks to Bloomberg TV
- ECB must be patient, persistent, prudent
- Growth will feed into core inflation in time
- Italian politics will not define ECB policy decisions
Well, recent data is not very suggestive of an economy that is looking for tighter policy - at least in terms of the trend anyway.
A look at the Citi economic surprise index will show you how much of a disappointment Eurozone data has been relative to expectations recently - and the worst part about it is that the misses are trending lower.
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