The European Central Bank has raised its forecasts for inflation and growth while indicating there's no longer a “sense of urgency” in monetary policy. However, political risk remains a key theme for the euro area.

Tim also gives his thoughts on the global reflation trend.

<p>The European Central Bank has raised its forecasts for inflation and growth while indicating there's no longer a &ldquo;sense of urgency&rdquo; in monetary policy.&nbsp;However, political risk remains a key theme for the euro area.</p>  <p>Tim also gives his thoughts on the global reflation trend.</p>

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