ECB's Villeroy: There is some economic stabilisation in the Eurozone

ECB governing council member, Francois Villeroy de Galhau, speaks in Davos

• Inflation goal must be symmetric, flexible, and credible

Well, the PMI data today certainly suggests that he is not wrong with the headline remark but overall growth remains unspectacular in the region. If economic conditions continue to keep more tepid as seen in recent months, there is little suggestion that the ECB will take a step back from more accommodative monetary policy this year.