Comments by ECB governing council member, Vitas Vasiliauskas
- Still need time to see how economy develops in 2H 2019
- ECB didn't discuss any 'concrete' scenario
- Discussion on tools available was more theoretical
Of note, he says that he is "surprised by the market reaction" to the ECB decision yesterday. That's no doubt an interesting comment. I still take it as they are laying the groundwork for a potentially more dovish tilt in the future, should economic conditions in the second half of the year start to fall apart that is.
