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17.07.2019 14:25

ECB's Coeure: Governing council is determined to act in case of adverse contingencies

  • ECB stands ready to adjust all of its instruments as appropriate

  • Need to ensure inflation continues to move towards target

  • Underlying inflation is expected to increase over the medium term, supported by our monetary policy measures, the ongoing economic expansion and stronger wage growth.

  • Economic data, survey information points to somewhat weaker growth in Q2, Q3

  • Risks surrounding euro area growth outlook continue to be tilted to the downside

Market focus

  • UK retail sales rose sharply in July
  • Swiss producer and import price index fell by 0.1% in July
  • Japan financial minister Aso says he hopes markets will calm down
  • China's new home prices firm in July - NBS
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