ECB Governing Council Hansson and others speaking at Eurofi conference
- seeing too much emphasis on ECB policy normalisation fears
- ECB has range of tools, stands ready to act if needed
- QE caused less ambitious reforms in some cases
ECB's Knot:
- prolonged monetary easing has diminishing returns
ECB's Nowotny:
- removing stimulus must be gradual, clear
ECB's Lautenschlaeger:
- conditions for pickup in inflation are in place
- order of ECB measures as important as timing
- communication must be adapted accordingly
Oh yes, all as clear as mud right now from the ECB. Thanks everyone!
Meanwhile EURUSD down 1.2012 again after rally to test 1.2025-30
EURGBP down to 0.9090 helping lift GBPUSD up to 1.3215
ECB guidance clear as mud right now