Cryptic messages from the Irish central banker
Discussion on bond buying limits should not detract from the ability to meet the inflation goal
We still need evidence that wage inflation is actually on its way to a level consistent with target
Eurozone economic risk is still below balance but is moving towards balance
Wages, wages, wages. I said it wouldn't take long for the ECB to use this as their excuse to remain dovish, and now nearly every ECB council member slots wages into his or her comments. Watch inflation go to 3% and the ECB use wages as the reason not to hike, and remember where you heard it first ;-)
