Whatever it takes! (to get the euro to parity).
Other comments from Coeure in an interview with Bloomberg TV:
- The market reaction is fine so far
- The market seems to be convinced that this works
- Bond buying is open ended
“If we haven’t achieved what we want to achieve and I should say what we should achieve, because that’s the mandate of the ECB and it’s in the treaty — which is having a firm perspective that inflation goes back to 2 percent, close to 2 percent but below 2 percent as we say it in the medium term — then we’ll have to do more or we have to do it for longer”
“It’s not a revision of the program. It’s just that it’s open ended. It’s intended to last until September 2016 and then we’ll reassess and we’ll see if it is enough or if it is not enough”
These are dovish comments and they have pulled the euro back down to 1.1249 from 1.1270. The stock market has also rebounded.
