Weidmann speech 08.02.2018

  • Given Subdued Inflationary Pressure, An Accommodative Monetary Policy Stance Remains Appropriate
  •  Even After The Net Purchases Have Ended, Monetary Policy Stance Will Remain Loose
  • Substantial Net Purchases Beyond The Announced Amount Do Not Seem To Be Required.
  • The Recent Appreciation Of The Euro Seems Unlikely To Jeopardise The Expansion Of The Eurozone Economy
  • Inflation Has Not Kept Pace With Economic Expansion
  • Expectations Are That Wage Growth And Domestic Price Pressures Will Gradually Increase In Keeping With A Path Towards The ECB’s Definition Of Price Stability
  • The Euro Area Grew Even Faster Than The US Economy Last Year And Indicators Show No Sign Of Growth Abating Anytime Soon

Usual upbeat rhetorics by German speakers. EURUSD pretty unmoved , crawling  back up a bit from that run lower( low’s been 1.2235) coming in at 1.2250 now .

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