ECB’s Praet: Weakness of consumption not very worrisome

The European Central Bank (ECB) outgoing Chief Economist Peter Praet cross the wires in the last hour saying that the latest OIS curve fits well with how we think financial conditions should be.

Additional quotes:

   •  Believes in the scenario of growth stabilizing in Q2 then rebounding.
   •  Doesn't see de-anchoring of inflation expectations.
   •  The weakness of consumption not very worrisome and may be temporary.