Latest ECB monthly bulletin now published 4 August 2016
- incoming data for Q2 point to subdued global activity and trade
- risks to outlook for global activity and EMs in particular remain on downside
- Eurozone markets have weathered post-Brexit uncertainty and volatility with encouraging resilience
- EZ economic recovery expected to proceed at moderate pace
- if warranted the ECB gov council will act by using all available instruments
The monthly report is essentially a re-hash of comments from previous ECB meeting so carries no great surprises.
Full report here
