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Draghi's statement so far: - Bit more...........>

ECB
ECB: Draghi's statement so far:
- Bit more explicit on global growth weakness
- Inflation has weakened and expectations declined
- Now turning to GDP analysis. Previously pointed to global uncertainties
weighing on manufacturing in particular but that construction and labour market
were resilient.
- Now turning to inflation analysis. Previously pointed to "underlying inflation
remaining generally muted" but that labour cost pressures and high cap
utilisation. Also said expected to increase in medium term.

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