Comments from Coeure

  • Growth is strong, well distributed, and inclusive, meaning that for the first time in a very long time
  • We are not quite where we would like to be from the point of view of inflation
  • ECB models show that current growth of about 2.5% but of that is 0.5% dependent on ECB
  • Confidence is growing but we can not yet claim victory
  • ECB has never discussed a rate increase in mid-2019
  • A trade war is a 'major risk'

The ECB just published an interview with Coeure.