- 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