Economic expansion is broad based.
Monetary policy will evolve in a fully time consistent and data dependent manner.
We can be more confident about the path of inflation.
...but patience and persistence in regards to mon pol is still warranted.
There is no evidence of systemic credit-fuelled bubbles.
Upbeat stuff but it's not giving a lift to the euro. We've heard these kinds of comments from Draghi before and the market is now at a point where it wants something more-concrete on what's coming next.
Jr Trader Alexander Kumanov
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