• extraordinary times in European monetary policy should end soon

Eh? what? You not been reading the papers lately Mr S ?

Rates are going lower still in your neck of the woods. But that, I think, is your concern eh?

  • reliance on ECB may weaken appettite for reform
  • there are “large risks” in monetary policy at the moment

Geman fin min on reuters

EURUSD a tad lower at 1.3641