Yeah, we already got your point
- Says it is unclear how coronavirus will affect economic forecasts
- But expects a V-shaped reaction in economic activity
He is mainly reaffirming that he is in the camp that won't be pushing for stimulus going into next month's meeting - as I would assume most ECB members will be.
The funny bit is that he is saying that he doesn't know how the virus will impact the economy but then expects a V-shaped reaction after. Good stuff.
In any case, expect the term "V-shaped" to be the next key buzz word in the market once we see some form of significant correction back higher after the risk selloff this week.
