- Marginally more optimistic on growth
- Much more optimistic on services inflation
- Evolution of wages fully alignes with projections
- Level of uncertainty is huge
- Our intention is to give a gently growing dividendm we will say more in February
- Comfortable with current level of interest rates
- We believe that undershooting will be temporary
- Convergence to 2% is now the baseline
- No discussion on modifying QT
Same old comments here. The ECB is more than fine with the current policy setting and won’t move on small or short-term deviations from their 2% target. I’m not sure why they even worry about an undershooting with the recent economic data.
This article was written by Giuseppe Dellamotta at investinglive.com.
