- Survey data points to some weaker prospects in the near term
- Higher tariffs, stronger euro to make exports harder
- Defense and infrastructure investment to bolster growth
- Boost in defense and infrastructure would raise inflation over the medium term
- Risks to growth tilted to the downside
- Not pre-committing to particular rate path
- In a good position to navigate uncertain conditions coming up
- There was one dissenter
- We have not discussed the neutral rate
- We are in a good position based on the current rate path
- “I can very firmly tell you that I have always been and am fully determined to deliver my mission and I’m determined to complete my term.”
The euro is higher on the press conference and a broadly weakening US dollar.
This article was written by Adam Button at www.forexlive.com.
