020 7898 0500On what was an extremely quiet day for eurozone economic data, attention turned to the European Central Bank’s President, Mario Draghi. He was speaking at the Generation €uro Students’ Award Ceremony in Frankfurt and while he didn’t make any specific references to monetary policy, he did strike an optimistic tone. He said that he expected wages and inflation to increase across the eurozone as the economy improves.
Today we will see the industrial production figures for the eurozone in February. Given the recent spate of disappointing readings, it will be interesting to see whether the figure comes in as expected. Analysts have forecasted a year-on-year increase of 3.8% in February, from 2.7% the month before.
