Friday December 15th 2017

The Euro took a hit overnight as Mario Draghi suggested an “ample degree of stimulus was needed", even as the central bank upgraded its growth forecasts. As Phil Dobbie discusses with NAB’s Rodrigo Catril, it gets back to the elusiveness of inflation. The Fed was similarly dovish, forecasting just 3 rate rises  next year. We also look at the latest on the US tax deal, now expected to come together early next week, but Janet Yellen isn’t expecting it to be the miracle that President Trump is promising.