Today’s headlines not conducive of a rate cut.
And the only thing the ECB sees that’s keeping inflation from being a lot worse is the strong euro.
|ECB’s Liebscher Sees Risk of Wage-Price Spiral, Kurier Reports|
|German Output Unexpectedly Increases on Construction|
|French Trade Deficit Shrinks to 2.8 Billion Euros on Exports|
|Spanish House Prices Rising Slower Than Inflation|
|ECB’s Quaden Calls Belgian Inflation `Rather Bad’|
|German BDB Banking Association Says Economy Is `Robust’|