Comments by ECB member Yves Mersch on the Eurofi website

  • Inflation hasn't weakened as much as the ECB expected

At the same time, ECB's Vasiliauskas also commented in saying that he is more confident that it is time to transition away from QE. But he says that the closure of bond-buying shouldn't be abrupt.

All positive comments, and given that the ECB is to start preparing the market for the end of its asset purchases programme by September it will be tough to see Draghi talk things down tomorrow - despite the recent disappointing economic data.