Draghi in European Parliament
- Business investment remains on an upswing aided by improvements in corporate profitability
- Inflation dynamics have yet to show convincing signs of a self-sustained trend
- Underlying inflation pressures are still subdued and labor market slack remains significant
- ECB measures will preserve the current financing conditions and ensure ample degree of stimulus
This is the partly line from the ECB lately. Optimism on growth but caution on inflation. That gives them the leeway to slowly taper QE and it's still an excuse to keep the euro down.
