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.