It says inflation is low, but unemployment remains high. However, it's still predicting a recovery later in the year.

 

“In terms of monetary policy, price stability is assured and overall economic outlook still warrants an accommodative stance. The exit, for which by the way is still distant, since inflation is low and unemployment is high. We see some signs of stabilizition sentiment even though uncertainties remain. And we expect that monetary stimulus and improvements in financial markets will support a recovery later in the year.”

 

And to the markets.

 

Wall Street is up thanks to better-than-expected US economic figures. And in London overnight, FTSE also rose.

 

To commodity prices.

 

West Texas Crude is trading at 95 US dollars a barrel. Tapis Crude is 107 US dollars a barrel. And gold is worth 1278 US dollars an ounce.The Australian dollar is buying 92 US cents, 71 euro cents and 60 pence sterling.