- Euro area grecovery has lost some momentum
- ECB expects weak but positive growth in second half (not sure what decade he’s talking about
- ECB far enough away from its price objective to be worrying
- Euro area faces a very subdued inflation outlook
- Risk of outright deflation remains remote
- Long term inflation expectations are still well anchored
- Non-financial corporate loan recovery is low
- ECB will not cut rates anymore
- Stance to stay accommodative for extended time
Benoit Coeure speaking at the Economic Club of New York
