Economic recovery remains resilient
Other comments:
- Euro area recovery remains resilient despite the continued headwinds stemming from global economic and political uncertainties
- Solid domestic demand is anticipated to remain in the driving force behind real GDP growth
- Our policy measures are clearly effective and are trickling down to the funding rates that matter most for the real economy
- ECB will play its role in facilitating recovery
- Material downside risks to economic Outlook
- Core inflation has yet to show clear upward trend
- Cyclical recovery must be turned into structural
The EURUSD is trading at the support level of 1.0910 as the rebound of support remains elusive.
