Reuters with a comment from Yves Mersch
He's responding to a question about the jump in the Dec CPI numbers.
Did someone actually ask that question in the first place?
Our analysis of the situation is confirmed by the inflation figures (here comes the self back-patting)
ECB decisions are validated by economic data (so it was a taper ;-) )
The ECB has a year of operational clarity to gauge measures
It is premature to declare victory over economic weakness
Wages are not growing fast enough to fuel inflationary pressure
The next ECB meeting is going to be interesting. Draghi's spent the last 3 years telling us that ECB policy is supposed to get inflation up, and now it is up, he'll be telling us why they will ignore it :-D
