ECB's Cipollone: The European economy has been surprisingly resilient ...Middle East

We are doing pretty wellWe expect growth to be in a good place in the coming years on good fundamentals and resilient labour marketUncertainty is still thereRisks to inflation very balancedWe are in a good placeWe will be close to target for the next two yearsInflation expectations are well anchored

These comments basically reflect the core of the ECB governing council. They now feel very good about the economy, inflation risk and so on, so they don't feel in the need to adjust rates further at all. Small deviations from their 2% target will not automatically call for rate adjustments.

This article was written by Giuseppe Dellamotta at investinglive.com.

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