Into the Q&A

EURUSD shooting higher as the market thinks that means they are not decided.

  • Extraordinary mon pol measures won't last forever
  • ECB will look through blips in the data
  • ECB needs the path of inflation towards target to be self sustaining
  • ECB held a seminar on QE options
  • We did not discuss tapering
  • Did not discuss intended horizon of asset purchase program

That's put a bit of a pin in the rally.