Who slipped Nowotny the truth serum? First he talks about debt restructuring among euro zone members. Now he says the market is too jazzed about a larger EFSF… EUR/USD is selling off, now in the 1.3650s after comments.
No compromises in pursuit of price stability Sees inflation as stable over medium-term EZ recovery is becoming more or less self-sustaining Trichet is on the wires as well: We will always do what is necessary We are never precommitted Present … Continue reading
Maria Bartoromo will interview JCT from Davos at 17:30 GMY on CNBC…
But will return toward ECB target after temporary rise
Unsurprised that market expectations for ECB interest rates are on the move Does not expect abrupt moves to monetary policy; inflation expectations well anchored Quite possible ECB leaves emergency funding lines in place after rates start to rise Interview here….
Expects inflation to stabilise toward end of year Here’s Bloomberg’s write up.
Total purchases since the program began last spring is now EUR 76.5 bln…