Not new comments and I’ll just keep updating this post rather than doing one for each set of comments
- Eurozone has experienced persistently low inflation, not deflation
- Additional ECB stimulus would be consistent with ECB achieving inflation mandate
- ECB has tools and clarity of mandate to achieve 2% inflation goal
- Use of fiscal policy is not necessary for ECB to reach price target
- Has every reason to believe that ECB will take measures needed to reach inflation target
- Exposure of UK banks to eurozone banks has come down and is quite modest
- UK has very low, single digit exposure to Greece
- Says eurozone governments have determination to maintain monetary union
Most of the comments repeat what he said yesterday in various interviews
