- Medium term inflation expectation firmly anchored
- Gradual recovery later this year
- Monetary, loan dynamics still subdued
- Monetary policy should support domestic demand
- Falling energy costs should add to improvement
- Exports should benefit from global recovery
- Revises down 2013 GDP to -0.6%
- Sees 2014 GDP at 1.1%
- Still sees downside risks for EU growth
- Underlying price pressure to remain subdued
- Sees inflation 1.4% 2013, 1.3% 2014
- Weaker growth is downside risk to inflation
- Still sees heightened credit risks
- Need to strengthen bank resilience
And the Euro soars, but that just may have been a blow off top in the currency..
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