• Risks to eurozone economy are on the downside
  • This would mean changing scope, pace and composition of ECB measures at start of next year
  • Sustained drop in oil price would result in 0.4 percentage point cut to inflation forecast for 2015

The comments about unanimity from Buba in its monthly report are quite significant as the last few times Weidmann has spoken, he’s not made any mention of being in agreement with the rest of the council.