I added this to the original post on Draghi’s speech but worthy of a separate mention.

He’s gone on to add:

  • frequency of meetings leads to expectation of action
  • ECB should reflect on number of meetings to avoid “triggering short-term market noise”
  • not all major banks have monthly meetings

Aw, come on Mario. Please don’t spoil our fun. Current volatility is bad enough as it is

Add:

  • ECB bank supervision set up is complex
  • corporate bond issues have reached pre-crisis levels
  • revitalizing of high quality securitization important