Belgian central bank governor and ECB governing council's Jan Smets 6 June
- confident in what the ECB did. Now is not the time to revisit mon pol stance
- without decisive action from ECB inflation would be much lower
- ECB needs to be vigilant but does not see lower inflation getting entrenched in price and wage behaviour
- won't hesitate to act again if price pressures emerge
- Belgian inflation may derail competitiveness gains
Another ECB gov council member pleased with their work.
Along side him on the platform is ECB's Liikanen:
- inflation still too low
- ECB will do whatever is needed to fulfil mandate
Meanwhile EURUSD crawls around 1.1342 with EURGBP nudging up still as the recently published ICM poll puts the skids under GBP again.