Not sure about the well-functioning bit but it does appear that Uncle Ewald is steering us down a less aggressive ECB path tomorrow

What dya say ?

  • won’t comment on tomorrow’s meeting
  • policy makers should not focus on one but longer term
  • covered bond purchases working according to expectations but volume in market limited
  • always good when central banks work together

Barbed comment aimed at Jordan ?

Nowotny speaking at Euromoney conf. Now finished his slot at the rostrum

EURUSD 1.1570 after the dip into 1.1550

Nowotny - cooling our ECB expectations?

Nowotny – cooling our ECB expectations?