ECB’s Klaas Knot on the wires

  • The main rational for ECB asset purchases has vanished
  • Euro’s gain reflects benign assessment of the economy
  • Confident CPI will return to levels consistent with goal

BBG picking up the comments.

The hawkish headline was worth all of 12 pips as EURUSD rose to 1.2012

 

Ryan Littlestone
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