Speaking in The Hague
Staff projections are conditional on the full implementation of all our mon pol measures
Downside risks have further diminished
It's too early to declare a success
Mol pol measures always have side effects
It's too early to declare a success as underlying inflation pressures continue to remain subdued, and have yet to show a convincing upward trend
Maintaining current view of a substantial degree of monetary accommodation is still needed
We do not currently see compelling evidence of overstretched asset prices
We do see that real estate dynamics or high household debt levels in some countries signal the risk of increasing imbalances
While I get the rest of the headers, as expected, and as is usual for these sorts of appearances, he's basically reading a rejigged opening statement from the ECB meeting.
There will be some Q&A so we might get something there.
The euro has had a little flip flop as the algo grabbed headlines we already knew.
