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