- Higher tariffs, stronger euro and competition are holding growth back
- Investment should be underpinned by government spending
- Recent surveys point to growth both in the manufacturing and services sectors
- Growth shows resilience of domestic demand
- Economic risks more balanced (previously were tilted to the downside)
- Inflation outlook is more uncertain that usual (no hint on upside or downside risks)
- Stronger euro could bring inflation down more than expected
She is upbeat so far.
The bolded comment led to immediate bids in the euro.
More:
- The disinflationary process is over
- We are still in a good place
- Inflation is where we want it to be, the domestic market is showing resilience
- Decision was unanimous
- Trade uncertainty has diminished
- Minimal deviation from target will not necessarily justify movement
