Disliked1.50 was way too high to intervene. Looking back to it, it seems like it was sort of a joke then.
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Could please you give a source, where we can see that inflation (Feb to Jul) is positive? I can only find that... http://www.bloomberg.com/quote/SZCPIMOM:INDIgnored
PPP is misleading because it does not include risks such as Euro crisis.
For 6 month inflation use this:
http://www.inflation.eu/inflation-ra...land-2012.aspx
If I were Mr. Draghi, I would consider the harm to Eurozone by the artificial peg, and have a word with the SNB. Tell them that they had a great idea that the ECB will now do the same with CHF. That would be the end of the peg. Just one thing that might happen. Remember, this guy is Italian.