ECB sources at MNI say central bank content with present stance

MNI earlier had the latest from its ECB sources:

• Content at present with current policy
• ‘No sense of urgency’
• Low inflation not now creating deflation concerns
• Deflation would make us act but don’t see it now
• Negative deposit rates ‘academic discussion’ at present
• Non-standard tools have been studied, no consensus for now

A well-known NY thinktank was also out with a report earlier saying the ECB is likely to wait and see when officials meet on Feb 6.

MNI ‘sources’ at the ECB burned everyone in November, saying the ECB wouldn’t cut, so they’re on probation from me.