- Labour market remains robust
- Conditions for recovery are in place
- Most underlying indicators have been developing towards a sustained return to our target
- After some fluctuation, inflation should return to our target
- Risks to economic growth remain to the downside
- We will be data dependent and are not pre-committing to any rate path
The euro has been jumping during this press conference but it's not exactly clear why as I didn't hear anything from Lagarde to make waves. Some are pointing to month-end flows.
