ECB gov council member out on the wires 11 April
- doesn't see big output gap
- ECB needs to monitor potential side effects of policy
Someone else from the ECB seeing different data releases to most of us.
- ECB needs to be more patient in achieving goal
- ECB has less and less policy space but not exhausted
They might not be but I certainly am by all this continual hot-air!
EURUSD 1.2383 still underpinned but EURCHF and EURJPY near session lows as risk sentiment turns negative.