It was a positive day for the euro yesterday, as figures showed the Eurozone is still sustaining (slight) growth, with year on year GDP figures keeping at 1.2%, instead of the projected decrease to 1.1%. Industrial production also recorded its second month of expansion, although German figures are still in the negative.
Change may be afoot, as the ECB’s Vice-President, Luis de Guindos, said yesterday that the central bank would need its ‘toolkit to be wider’ and go beyond conventional monetary policy. The bank has already been very vocal about encouraging governments to step up to help boost the eurozone economy, amid contention over its stimulus programme.
