ECB: Eurozone economy still in broad-based expansion
ECB publishes its economic bulletin in relation to the 25 October meeting
- Even if growth is somewhat weaker than expected
- Short-term indicators point to continued strength in the labour market
- Private consumption expected to display resilient growth in the coming quarters
- Risks to global growth are to the downside due to trade restrictions
Nothing significant pertaining to monetary policy as expected. The headline shows that the ECB is still continuing to brush the slowdown in growth seen in the region and that is also expected as they are pushing to put an end to QE come December.