ECB governing council is determined to fulfil its mandate

So says ECB's Yves Mersch speaking to The Asian Banker

"In the end we have one mandate for the euro area. The ECB's Governing Council is determined to fulfil this mandate, which is to have inflation close to 2% in the medium term.

We do not have a mandate for unemployment, and we do not have a mandate for growth-these are secondary objectives. As a collateral benefit these areas have profited from our forward guidance, a reconfirmation of our policy stance in this respect"

Read the whole interview here

Meanwhile EURUSD is still flirting with 1.1400

Mersch - ECB to complete its mandate