Draghi on the latest forecasts:
– 2015 GDP at 1.5% vs 1.4%
– 2016 unchanged at 1.7%
– 2017 at 1.9% vs 1.8%
On inflation:
– 0.1% this year, unchanged
– 2016 1.0%, unchanged
The unchanged staff forecasts made it very hard for the doves to take action. The leak of the forecasts yesterday was the signal to buy the euro.
