The official also feels
- Economic situation in France is still fragile
- Problems of financing not yet totally solved in France
- No reason to change monetary policy at the moment
- Must be prepared for exit from monetary, fiscal policies, but not there yet
- Governments must be prepared with exit strategies that ensure viability of public finances
- Sees no risk of deflation in France or Eurozone
- Medium-term inflation expectations are well anchored
- Monetary policy is perfectly appropriate
Meanwhile EUR/USD has extended it’s rally, presently at 1.4830 (session high 1.4837), euro bulls slowly chewing through aforementioned sell interest at 1.4820 up through 1.4850.
