Exports are also weekFirms are holding back investmentSurveys point to fewer jobs being created in the current quarterThe economy should strengthen over time, though slower than previously assumedProvided trade tensions do not escalate, exports should support the recoveryIt is crucial to swiftly follow up with concrete proposals to enhance competitivenessUnderlying inflation is overall developing in line with a sustained return to targetMost measure of longer-term inflation expectations stand at around 2%The risks to economic growth remain to the downside, cites possible trade tensionsWe will follow a meeting-by-meeting and data-dependent approach
There are no surprises here so far and the euro continue to trade near 1.0500.
This article was written by Adam Button at www.forexlive.com.
