Onto the Q&A
All members agreed to the statement on risk balance
Some believed the statement didn't need to change, some had a amore sanguine view of the situation
On inflation risks, there were not differing views
Drop in March inflation was stronger than forecast
ECB is seeing tentative signs of price pressures picking up
Wage growth outlook remains uncertain
The assessment on the 4 inflation criteria hasn't changed
The bold comment is a first real nod at inflation.