I think we’re getting that message now
Interview in Irish Times here
- any QE programme would also depend on scope, universe of assets and which govt bonds are bought
- risk of deflation is low
- “low inflation is bad enough”
- ECB baseline option is to buy sov bonds
- oil price drop may be different to 2009 for ECB
- talk of Grexit unreasonable and unrealistic
- Ireland not out of the woods, need to err on side of caution
EURUSD dribbling lower again at 1.1634 as Coeure prepares the way for next week’s announcement
Coeure -QE needs to big to succeed
