Doesn't look to be too much in Lane's speech....>

ECB: Doesn't look to be too much in Lane's speech at first glance.

- Concluding paragraph notes the following:

- "Taken together, the combination of weakness in the externally-oriented

manufacturing sector but resilience in the services sector means that we expect

the euro area economy to continue growing, albeit at a slower pace. In parallel,

the inflation momentum from strong domestic demand and an improving labour

market is being partly offset by the downward revision to manufacturing and

aggregate output. In view of this disruption to the inflation path, the ECB

Governing Council decided to strengthen its accommodative policy stance in its

September meeting."

- Link: https://tinyurl.com/y5hqnfsj