- Inflation decline was broad based
- Inflation to increase in December due to base effects but will decline slowly afterwards
- All measures of underlying inflation declined in October
- Underlying measures of inflation rose due to wage growth and falling productivity
- Most measures of longer-term inflation expectations currently stand at around
- The risks to economic growth remain tilted to the downside
- The prospects are weak for construction and manufacturing
- Services to soften
- We are determined to make sure inflation returns to our 2% inflation target in the medium term
The euro has perked up during this press conference but some of that is broad US dollar weakening.
This article was written by Adam Button at www.forexlive.com. Source