Bloomberg is carrying hawkish comments from ECB’s Mersch:
- Excessively low interest rates can distort economy
- ECB may reassess view on risks to economic outlook.
- Would not be surprised if ECB had to adjust language on inflation, conclude that we have upside risks to price stability
- ECB will probably make exit statement at next meeting
EUR/USD has spiked sharply back above 1.3600 on the comments, presently at 1.3630.
UPDATE: Sell orders seen up at 1.3650.
