There is clearly a risk now that they might be bold enough to tighten policy in December, We think they will wait until March.
More Quotes from Lorenzo Codogno:
Policy makers are not doing their job properly in order to support the euro,Lorenzo Codogno
It's no surprise that the pressure is back on. At the end of the day, China allowed their currency to appreciate, but because they did so only marginally, there is disappointment elsewhere.
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
As January data are inflated by a growing tendency towards gift vouchers over Christmas, which are then turned into purchases afterwards, a return to normal in February is likely to show up in more subdued sales.
Lorenzo Codogno
He certainly has political aspirations, and I don't think it will be the end of his career if the center-right loses. He will play an important role in the future of Italian politics.
Lorenzo Codogno
With the energy bill having increased recently, the risk is that consumers will tighten their belts over Christmas. The euro-zone economy is still at risk of a disappointing Christmas.
Lorenzo Codogno
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