Comments from the Bank of France leader in an interview with Los Echos

  • Europe has partly absorbed the rise in US yields
  • ECB has given markets clarity for 2017
  • Impact of Italian referendum should be limited

Meanwhile, former ECB hawk Jurgen Stark also spoke with Handelsblatt on the weekend and said the ECB is 'chasing a phantom' because the Eurozone never faced a deflationary risk.