• Domestic demand the main growth engine in the years ahead
  • Savings rate should come down
  • Gov't expenditure on defense should underpin investment
  • Global environment likely to remain a drag
  • Underlying investment remains consistent with 2% medium-term target
  • Trade tensions have eased but volatile environment a risk

The euro is higher since the ECB decision but it's mostly due to a falling US dollar after CPI data.

EURUSD 10 mins
EUR/USD 10 mins