- but markets shouldn’t get overexcited about it
Too late for that I reckon but is he telling us that market expectaions could be too high?
- sees low inflation rates
- doesn’t see deflation
- certain security line needed
- inflation needs to be monitored
- negative depo rates have limited effect
- it’s clear that the SNB action has had an impact globally
Give that man a prize for observation
- should not over dramatise the CHF loan issue
- in most cases there is no major immediate effect from CHF loans
Try telling that to the millions of CHF mortgage holders
Nowotny – Warns market not to get too excited about tomorrow’s ECB meeting
