ECB: the stance of policy must remain highly accommodative - Westpac

Analysts at Nomura explained that President Draghi and the ECB continue to show increasing confidence in the effectiveness of implemented monetary policy measures and the strength of the growth uptrend.

Key Quotes:

"No longer is it just pent-up consumer spending that is driving momentum, but also business investment and, of course, external demand. To that end, it is important to act to sustain confidence in the outlook and policy success and to hope that global conditions do not get in the way."

"Ergo, the stance of policy must remain highly accommodative."