• Inflation expectations remain anchored
  • Recovery continued in first half of 2010 but growth pattern likely to be uneven
  • Will monitor all developments very closely
  • liquidity will be adjusted as appropriate

Sounds like he has left the door open a crack for more action by saying liquidity will be adjusted as appropriate. That adjustment did not come today, so EUR/USD bulls are taking a run at the topside…EUR/USD trades at 1.2675.