ECB’s Bonnici: Need To Wait For More Hard Data To Judge Economic Situation

  • Eurozone inflation situation is more stable, liquidity more important than rates
  • ECB borrowing costs extremely cheap, inflation appears stable and  not far from ECB objectives
  • Greek insolvency shouldn’t be scenario, situation moving in the right direction
  • Spain and Italy proposals for consolidation should be enough to get them back to fiscal sustainability

EUR/USD pressing higher around 1.3466

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