ECB’s Weber:
- Double dip recession very unlikely in euro zone, outlook fairly benign
- Not yet time to exit stimulus measures, but must develop credible exit framework now
- Fairly sure euro zone monetary policy will manage orderly exit from current policies
- Risks to price stability not present at policy-relevant horizon
- Deflationary fears have all but disappeared in recent months
- Forecast risks still high, no reason to be overly optimistic as recovery fragile
- Financial market situation still fragile, temporary backlashes are likely
- Global imbalances must be reduced to achieve sustainable long-term growth
