Comments from the ECB's second-in-command
- ECB has 'shadowed a declining equilibrium' rate
- Will continue to do so with a full implement of measures
- Others must actively pursue structural policies
There's nothing here that would move the market but the euro is on a bit of a run as the US dollar comes under broad pressure.
More:
- Sees limits to using negative rates for a long time
- Personally thinks 2018 inflation can top forecast