Dutch central banker Wellink is on the wires outlining the non-conventional steps the ECB could take to ease quantitatively. It could buy commercial paper or asset back securities, he says.
Papdemos continues to speak and he says the ECB couls expand its balance sheet with longr-term loans to banks, in addition to the above steps.
Sounds like QE is a done deal to me…
EUR/USD is getting a lift, now near session highs of 1.3617, boosted by strong US equities. 1.3650 is resistance.
