Too damn many central bankers in this world and too many Rotary Clubs that want them as speakers, that’s the basic problem today…
The latest to cross the wires is ECB executive board member Gonzalez-Paramo. He says central bankers do not like to deal with monetary from very low interest rates but that they do have non-conventional tools that they can use like quantitative ease.
Update: Another executive board member, Bini-Smaghi says that there is a possibility that could be lowered further at the March ECB meeting.
Markets have heard it all before and are turning a deaf ear. EUR/JPY is edging higher amid reports of demand from real-money accounts. It trades at 116.30 while EUR/JPY is at 1.2838.
