German private banking association out with their latest report 6 March
- sudden policy unwinding by ECB could lead to over reaction on bond markets
- ECB should deal with risk through clear communication strategy
- Brexit, protectionism, and elections in France, Netherlands, Germany all economic risks
- sees German GDP growth of 1.4% in 2017, 1.6% in 2018
No surprises for Germany to be calling for some tightening.
As for a central bank to be communicating clearly, that might be a first in recent times.
The BDB represents more than 200 private commercial banks and eleven member associations.
Meanwhile EURUSD 1.0604 EURGBP 0.8630 EURJPY 120.72 all near session lows.