Further comments by Villeroy
- ECB will probably downgrade GDP forecast in March
- Part of Eurozone slowdown is temporary
- ECB will be very pragmatic n implementing policy
Well, if they were to publish new projections yesterday I'm pretty sure they would be downgraded already. As it stands, their current forecasts are rather too optimistic. The bigger thing to watch out for in March would be to see if they will revise their rate guidance then, though we still have quite a number of data points to navigate through before that comes about.
