ECB’s Benoit Coeure on the wires

  • I expect the link between asset purchases and inflation in the policy message to be changed between now and Sep 2018
  • Most members agreed that we need flexibility on the end date, September 2018 is still far away
  • Expect a change in language when the Governing Council is sufficiently confident that net asset purchases are less needed for inflation to return towards 2% in a sustainable way
  • Now is not the right time to start a discussion on the ECB’s definition of price stability, in either direction
  • Asset purchases will remain an exceptional instrument, they will not be a permanent part of our monetary policy
  • Says it’s logical to expect that this QE extension is the final one

Nothing doing in the euro on these comments. 1.1740 we snooze at.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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