Reuters with some more headlines from the ECB chief economist

  • Gov council will discuss whether there is a case for further action in the context of heightened uncertainty

I reckon we all know they're going to discuss it but will they do anything? That remains the only question to be answered

  • downside risks are present and may have increased after Paris attacks
  • ECB has some signals that inflation expectations are still fragile
  • return to 2% inflation is at risk of being pushed back
  • Eurozone remains in an environment of weak price pressures in the medium term
  • possible de-anchoring of inflation expectations together with a lot of slack is a dangerous cocktail

Eamonn had earlier Bloomberg headlines here

Meanwhile euro slips a little again on the bearish but realistic comments

EURUSD 1.0652 EURGBP 0.7020 EURJPY 131.44