Draghi out with some comments in an IMFC statement
- Growth momentum is expected to continue
- Ample degree of monetary stimulus remains needed
- Patience, persistence and prudence needed
- Underlying inflation in the eurozone remains subdued
- Developments in asset prices require close monitoring
- Eurozone growth cycle may have peaked
- "Developments in asset prices require close monitoring as risk-taking continues to gain momentum in financial markets and valuations are becoming stretched in some market segments"
- "Notwithstanding the latest economic indicators, which suggest that the growth cycle may have peaked, the growth momentum is expected to continue."
- Full statement
There's a bit of everything here but it reads dovish to me.
