Comments from ECB chief economist Stark are hitting the wires. He says:
- Current interest rates are appropriate
- Data point to economy stabilizing
- Data point to economic growth sooner than previously thought
- The return to growth is based on stimulus, not a sustainable return to growth yet
- He hopes interest rates will be passed on quicker by banks
- Too early for exit strategy on covered bonds
- To early to decide whether to add spread to refi rate at Sept unlimited 1-year tender
