This morning just after the London open some market commentary were crossing the market from ECB's Nowotny who said:" The outlook for Europe as a whole is much better than a year ago; monetary policy has contributed substantially to economic recovery; it’s a positive sign that banks are repaying long-term funding; ECB prepared to be watchful; helpful for interest rate policy if price stability ensured; sees neither inflation or deflation in short or medium term for Eurozone."
And it seems that …
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