Energy prices are still pushing inflation and otherwise price pressures are relatively weak,
More Quotes from Ralph Solveen:
The ECB believes there is a sustainable recovery in the euro zone, but that's not the case in Germany. We think euro zone growth will be weaker than the ECB thinks, so the bank won't be able to raise rates very much.Ralph Solveen
It's a big disappointment. It shows all the talk about the government's tax plans had a much bigger impact on private consumption than we had thought.
Ralph Solveen
I don't think that this in any way changes the overall picture for the ECB,
Ralph Solveen
The labor market statistic currently doesn't provide much guidance. We need to look at full-time jobs that are subject to social security contributions, and that number still seems to be shrinking.
Ralph Solveen
It's a tough decision with a slowdown in growth and increase in inflation rates, ... The ECB is expected to cut rates by 0.25 percentage point by the end of June.
Ralph Solveen
Don't expect a new government to arrive and somebody to flip a switch to make everything look just fine again. We're at a painful threshold that we need to cross in order to see an improvement later. In the short run, the measures will burden private households.
Ralph Solveen
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Based on Topics: Energy QuotesThere is no such thing as being too independent.
Victoria Billings
The foolish are like ripples on water, For whatsoever they do is quickly effaced; But the righteous are like carvings upon stone, For their smallest act is durable.
Horace
Age considers; youth ventures.
Rabindranath Tagore