Germany's central bank comments in its monthly report
- Pace of underlying growth to remain subdued
- No signs of slowdown morphing into a downturn
- Falling business expectations could curb investments
Basically some paraphrasing there to tell us that they expect the economic slowdown to only be 'temporary'. Nothing substantial coming out of the Bundesbank here. For the euro, the key risk event this week will be economic data on Thursday as we'll get flash readings for February PMI surveys.