ECB member Vitas Vasiliauskas comments in an interview with Reuters
- Rising bond yields and euro rate is normal given strong economy
- Have not seen unwarranted tightening of financial conditions
- Appropriate to rephrase ECB guidance to focus on all instruments, not just bond purchases
Reiterating the same message on the guidance front, but he seems relatively relaxed about the exchange rate for the time being.
No major points of note from the rest of the interview transcript. EUR/USD is now at 1.2324, off the lows for the day as the dollar gives back some gains. EUR/GBP is at 0.8840 as the sterling remains soft following the labour market report earlier.
