 The Bank of Italy has updated its forecasts for the year ahead.GDP seen up 0.6 vs 0.4 priorInflation seen up 6.5 vs 7.3 priorMuch maybe all? of that is a function of falling energy prices, which itself was a function of better weather. But its likely indicative of Europe as a whole and adds momentum to the idea that the ECB wont need to hike as much as Lagarde indicated in December. This article was written by Adam Button at 