• Sees notable signs of recovery in bank lending
  • Growth is set to gradually pick up speed
  • Outlook remains one of modest recovery
  • Says investment remains weak
  • Will give assessment on France, Belgium and Italy Feb 27th. Seeks more data
  • Urges use of all tools to boost economy
  • Improved confidence coming back in Spain

Not sure why the euro is going up. If it’s going up on these projections someone’s got a screw loose

;-)

EUR/USD is up just under 50 pips in the last few minutes to 1.1430