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.

Ryan Littlestone

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