ECB's de Cos says that unconventional monetary policy is here to stay

ECB member and Bank of Spain governor comments

Well, the central bank already shelved one of those so-called unconventional policies in the form of QE yesterday. I guess the message de Cos is trying to get across here is that it doesn't mean that they will raise rates any time soon.

ECB speakers have been rather vocal today with earlier comments seen here:

• ECB's Vasiliauskas: Risks are seen tilted to the negative side
• ECB's Nowotny: Risks to growth are broadly balanced
• de Guindos says that ECB needs to be cautious