The monetary policy committee is still waiting for evidence on Christmas (retail) sales and wage negotiations. Then it will cushion the decline in the economy in a context of CPI (inflation) moderation.
More Quotes from Lorenzo Codogno:
We believe that the long-awaited shift from soft to hard data is evidence of a recovery in euro zone private consumption has started, and will likely proceed gradually and modestly over the coming months, in line with the expected improvement in household real disposable income.Lorenzo Codogno
Despite oil price tensions and strengthening domestic demand, the inflation performance remains subdued. Barring another oil spike, the headline rate is likely to ease further during the course of the year.
Lorenzo Codogno
It was much more balanced than the first debate which Berlusconi clearly lost. This time I think there was no clear winner and I'm sure both sides will claim victory.
Lorenzo Codogno
Policy makers are not doing their job properly in order to support the euro,
Lorenzo Codogno
It's not that clear cut that intervention will have an impact, ... What appears to be driving down the euro are money flows out of the euro zone. If this is the case, it is not the optimal moment for currency intervention.
Lorenzo Codogno
There are a number of countries that are increasingly uneasy about competitive pressures coming from Asia, and the softening of domestic industry.
Lorenzo Codogno
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