Out on the wires
More to follow
- ECB’s non-standard measures will stay in place as long as necessary
- there are other measures, standard and non-standard, that we can use if needed
- recent volatility in global fixed income markets is excessive in view of economic conditions
- we need clear predictable rules for bank resolution, establishment of single resolution mechanism
- continuation of low govt bond spreads can not be taken for granted
- bank capital, liquidity buffers should be sufficient to withstand normalization in all market segments
Nothing new but a reminder that the ECB is one central bank not tightening any time soon
EURUSD a little lower at 1.3125
