ECB's Jazbec says stimulus measures seem to be working

Author: Ryan Littlestone | Category: News

Slovenian central bank governor and ECB man Bostjan Jazbec speaking in Oxford

  • If price stability is reached early we will decide on how to proceed
  • Hard to say if we'd drop QE early if price stability is reached
  • Too early to talk about tapering
  • ECB has lowered yields seriously and substantially

Comments via Bloomberg

At the Morgan Stanley briefing I questioned the general calls for EURUSD parity that most in the market are forecasting. If inflation starts to rise and Europe starts to recover, that's going to get the market talking taper and make the euro downside harder to come by. MS's view is that the ECB (and more particularly Draghi) will keep pumping the line that they will see QE through to September 2016 at the earliest whatever the numbers say. I think Jazbec has given an indication that that may not be the case 

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