Eurozone still suffocated by restrictive ECB policy

How do you pre-announce a rate cut without talking about a rate cut? The trick is to make a nebulous statement, mixing a few token phrases with precise statistical details. The ECB President excels at this. Put simply: the eurozone is more or less at a standstill, there is a shortage of bank lending, household demand is sluggish, investment is falling, fiscal policy is set to tighten, inflation expectations are anchored, the outlook for selling prices is normalising BUT the ECB s...