I think we’re getting that message now

Interview in Irish Times here

  • any QE programme would also depend on scope, universe of assets and which govt bonds are bought
  • risk of deflation is low
  • “low inflation is bad enough”
  • ECB baseline option is to buy sov bonds
  • oil price drop may be different to 2009 for ECB
  • talk of Grexit unreasonable and unrealistic
  • Ireland not out of the woods, need to err on side of caution

EURUSD dribbling lower again at 1.1634 as Coeure prepares the way for next week’s announcement

Coeure -QE needs to big to succeed

Coeure -QE needs to big to succeed