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ECB’s Praet: Monetary stimulus remains necessary

Reuters is out with a recap on the comments delivered by the European Central Bank (ECB) Chief Economist Peter Praet, with the key headlines found below:

Limited signs strong euro is dampening exports.

Monetary stimulus remains necessary.

No evidence of durable softening demand.

Euro area data consistent with solid expansion.

Euro area data points to 'some moderation'.

Monetary policy will evolve in data dependent fashion.

 

Ex-PBOC adviser Li: "Extremely unlikely" for China to devalue its currency for trade war

Former adviser to the People’s Bank of China (PBOC) Li Daoku was reported by Reuters, as saying that that it is "extremely unlikely" for China to deva
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Germany: Relief from macro data - ING

Carsten Brzeski, Chief Economist at ING, notes that German industrial production increased by 1.0% month-on-month in March, from -1.7% MoM in February
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