- ECB move aims for price stability
- “we have to share risks”
- EU is not a fiscal union
- ” you never pre-commit” on a plan’s timing
- Eurozone “far away” from inflation target
BOI gov and ECB member stating the obvious on Bbg
EURUSD edging higher this morning at 1.1340 EURGBP holding 0.7550 support and nudging up to 0.7658 EURJPY still on back foot at 134.13
Visco – It’s all legal dontcha know
Update:
- given limitations of sov bond issues, can buy Greek bonds in QE programme probably from June
- ECB action will not interfere with Greek elections
