The Minute of the April 20-21 meeting now published 19 May 2016

  • focus now on implementing latest measures
  • aim to start buying corp bonds in June
  • strongly committed to CPI to 2% "without undue delay"
  • see worrisome "decoupling" of inflation expectations, oil
  • rate setters agreed on collectively reaffirming ECB independence after criticism " in a member country"

Nothing that didn't already know from the ECB post-meeting presser.

Full report here ( and it is full. Knocks the MPC and FOMC Minutes into a cocked hat, and check out the huge number of people attending/assisting.)

Meanwhile EURUSD is back to 1.1203 after 1.1198 business. If 1.1200 did have a barrier option it's history now. EURGBP still hanging onto 0.7650 support. EURJPY testing 123.00