The ECB quarterly bulletin 23 March 2017

  • Fiscal space can be generated by a more growth-enhancing composition of budgets

  • ECB stimulus has led to tangible improvements in borrowing conditions for the real economy

  • US policy uncertainty, Brexit and Chinese rebalancing will keep the outlook clouded

  • Recent data has increased confidence that the expansion will continue to form

  • Economic recovery in the Eurozone is steadily firming

  • The pass-through of the ECB's monetary policy measures is supporting domestic demand and facilitates the ongoing deleveraging process

Not much in hear we didn't already know or hear.

Here's the full bulletin.