I’m slowly losing the will to live. ECB comments just keep on coming. Next time they have a conference I’m taking the day off.
Sample of the latest.
Novotny again. These latest ones slightly at variance to those earlier. He says current interest rates are appropriate. Current amount is enough for time being on covered bond spend. No further steps being discussed. I guess earlier comments hypothetical.
ECB’s Sramko: Decison on covered bonds was done for euro zone as a whole. He is sure governing council will discuss other options on non-standard measures. ECB has made no decision on a lower bound to interest rates.
ECB’s Wellink: On growth and inflation we have to be careful in assessing the present situation. On 60 bln figure for bonds, we have taken the decision, it follows we think it is enough. In current situation important to give precise message, we have done so (he’s kidding, right?) Sees disinflation, not deflation. Mustn’t become too optimistic when seeing a few swallows.
EUR/USD sits at 1.3590, earlier rally fizzling out. According to Blackday it’s all about technicals today, and he’s probably right.
