ECBs Villeroy: ECB is achieving a soft landing ...Middle East

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ECBs Villeroy: ECB is achieving a soft landing
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ECBs Villeroy is weighing in after weaker data today:ECB is achieving a soft landingNot behind the curve todayWill pay close atttention to risk of undershooting target, keeping economic activity unnecessarily subdued.See continuity of resilence of growthThe PMI flash data today were soft (is that a soft landing). Each missed expectations to the downside that is....EUR German Final GDP q/q: MISSED - Actual 0.1% vs. Forecast 0.2%, Previous 0.2%.GBP Retail Sales m/m: MISSED - Actual -0.7% vs. Forecast -0.3%, Previous 0.1%.EUR French Flash Manufacturing PMI: MISSED - Actual 43.2 vs. Forecast 44.6, Previous 44.5.EUR French Flash Services PMI: MISSED - Actual 45.7 vs. Forecast 49.1, Previous 49.2.

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