Comments from the ECB President in a Reuters event:
- Expects US stimulus to boost eurozone growth by 0.3 percentage points
- US spillover will boost inflation by 0.15 pp
It's laughable to think the effect of spillovers on inflation can be forecasted to the second decimal point in a bloc that hasn't been able to forecast anything for a decade.
- Bank are 'pretty solid' now
- We will see more bankruptcies ahead
- We must support the economy well into the recovery
- Measurement of inflation was a key concern in ECB Listens events