Praet speaking in the Netherlands

  • Very low interest rates are not so much a central banks choice as a reflection of economic malaise in the global and EZ economy
  • Governing council will closely monitor the med-term risks to inflation outlook
  • ECB has emphasised its willingness to act if warranted by using all tools available in its mandate
  • QE contains sufficient flexibility to adjust its size, composition and duration
  • Levels that rates return to in the future depends on the degree to which secular drivers, currently depressing rates, can be reversed
  • All policy makers must play a part in Eurozone recovery
  • ECB is being vigilant in preventing unwarranted tightening

Pretty much the same as what he's said recently and he's not having an effect on the Euro