Further comments by ECB governing council member, Benoit Coeure

  • We must be vigilant
  • Growth in euro area remains 'comfortable'

With the global economy starting to show signs of slowing down/worsening, you have to wonder where this leaves the ECB if they are unable to justify rate hikes some time this year. Should there be another crisis of some sort, is there capacity for the central bank to ease much more than what they are doing now? It's hard to even imagine that.

If you think about it, you can also make the same argument for the BOJ as well.