ECB’s Mersch: Wages and inflation seem to have reversed the trend

Comments from ECB’s Yves Mersch

• It will no longer be needed to buy assets as a result of existing forces in due course
• Our approach should be aligned with our improved expectations regarding the development of the real economy
• We still need to be aware that the longer the program lasts, the greater the risks
• IF the ECB remnoves policy too quickly, asset prices could collapse and yields could rise sharply

EURUSD not paying any attention, and neither does it need to. 1.1827 trades.

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Ryan Littlestone

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

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