Draghi’s little fibs

Practically speaking, no one should expect any ECB tightening at all until some time in 2022.

High Frequency Economics - Brexit

Ya gotta have a forecast

Without a forecast, the Bank of England is without a clue about whether there will be inflation on March 29, or thereafter.

Growth is not a crime

Our bet is that the ECB will maintain accommodative monetary conditions into 2019 at least.