ECB's Villeroy: There is a slowdown but no recession

<ul><li>Had first successes against inflation but need to persevere</li><li>Must bring inflation down to 2% level between now and 2025</li></ul><p>On the headline, that's typically the tagline for when a recession comes. The moment the R-word is mentioned, that's when you know you're in trouble. The ECB themselves don't have a good track record to fall back on in any case. Anyone remembers the whole inflation being transitory debate?</p>

This article was written by Justin Low at www.forexlive.com.