Rainer Guntermann
Rainer Guntermann
point prepared quarter raise rates unless
Unless things go completely wrong, the ECB is prepared to raise rates by a quarter point in March.
slightly spin
If anything it was a slightly more hawkish spin (than we were expecting).
basis inside nobody outside point surprised
Nobody inside or outside the ECB will be surprised by a 25 basis point rise.
economic maybe mixed people picture prospects rethink towards
We have a more mixed picture (and) that would have made some people rethink economic prospects maybe towards the end of the year.
among creating fear increasing jobs people preference
The preference to creating jobs is increasing and fear of unemployment among people has decreased.
government last proposed reforms
The government has done very little on reforms. We are not getting those reforms which were proposed last year.
boom job looks quarter seeing situation start strong year
It's a strong start to the year and the first quarter looks solid. However, we're not in a boom situation by any means. We're still not seeing any breakthrough on the job market.
aggressive crucial fighting fights-and-fighting inflation management rather risk
For the ECB it's about inflation risk management rather than inflation fighting. That's a crucial difference. If it was about fighting inflation, he could be much more aggressive and pre-commit.
allow campaign clearly continue economic gained growth interest likely normal performance rate recent recovery weeks
The economic recovery has clearly gained more traction in recent weeks and the more normal growth performance is likely to allow the ECB to continue with its still-young campaign of interest rate normalization.