EUROPE ECB held rates this week. Low inflation is a concern but no immediate steps needed. IMF criticized ECB non-action urges easing policy. ECB President Draghi responded with low inflation awareness message, but still within expectations. If than changes they are ready to act. Ex-ECB member has suggested they will act, but they need about 2 months to get all members states to approve. German data only EUR positive this week. UNITED KINGDOM British releases came in soft this week.
Reported by FXstreet.com 21 minutes ago.
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