An article in Bloomberg citing Martin Van Vliet, senior euro-area economist at ING Groep NV in Amsterdam:

  • “When Draghi mentioned expanding the size of the balance sheet, I think he was secretly thinking of the exchange rate”
  • “I’m sure he’s happy to see that the euro has been going down. He’s well aware that one important channel of policy transmission is the exchange rate.”

Hmm. That’d have to be the worst kept secret ever?

More at the article: Draghi Devaluing Euro Cheers ECB as Inflation Seen Fading