ECB's Praet says there still appears to be a disconnect between growth and inflation

ECB's chief economist Praet out on the wires with speech text 16 Nov

Yes folks, chief economist and he still comes out with blindingly obvious comments like this.

• ECB must remain patient and persistent on policy
• QE recalibration shows growing confidence on inflation

Really ? Wow, good luck with that one.

Full speech here

Euro in retreat again. EURUSD on new session lows at 1.1764 as is EURGBP at 0.8916

Praet - Pointing to higher inflation or just sticking a wet finger in the air?