Goldman Sachs: Does not expect policy rate increase until 2nd half of 2019

Cites low inflation forecast

Goldman Sachs reporting on the ECB says that:

• they expect no policy rate increase until the 2nd half of 2019
• They base their assumptions on their low inflation forecast

The EURUSD to a low of 1.2108 so far today. There is support at 1.2092 and then the 50% retracement of the move up from the November low at 1.20538