A string of disappointing data, notably from powerhouse economy Germany, suggests a slowing of growth momentum is perhaps deeper than anticipated. In December, the ECB tweaked its statement to reflect increased economic worries but kept a reference to balanced risks. Euro zone money market pricing suggests investors do not expect the ECB to lift rates until well into 2020. When does the ECB expect inflation to move higher? Has the weak data encouraged the ECB to start discussing new multi-year loans to banks?

Source: The Express Tribune January 21, 2019 14:01 UTC