ECB chief economist speaking in London
- complex stimulus should help boost inflation
- loan supply to benefit from staggered TLTRO impact
- substantial evidence that stimulus has intended effects
- gov council saw increasing downside inflation risks
- recalibration to have sizeable balance sheet impact
Nothing we don't already know
Meanwhile euro is finding some dip demand again with EURUSD back up to 1.0970, EURGBP 0.7244 and EURJPY 133.30
