ECB governing council member Hansson speaking to Reuters 18 Sept

  • ECB's next move should be broader recalibration of stimulus, not just change in QE length, volume
  • ECB steps could involve new refinancing ops, reworked guidance, more details on reinvestments
  • ECB should discuss making guidance symmetric, standing ready to both increase or decrease asset buys if needed

Last week I reported Hansson saying that normalisation has already started but is very gradual.

EUR pairs underpinned again but steady.

ECB's Hansson says they shouldn't be over-cautious