MNI reporting latest ECB economic bulletin

  • downside risks to staff HICP forecasts
  • QE is flexible, ECB able and willing to act if necessary
  • emerging market events could hurt trade,confidence
  • see continued EMU recovery but weaker than previously expected
  • EMU HICP will remain very low in near term

ECB still leaving a very wide door open for further/continued easing

Euro not bothered right now though as EURUSD posts session highs of 1.1336, EURGBP 0.7302 EURJPY takes out 137.00 offers/res

Full ECB bulletin here