ECB Mersch:We should take a position on the future of QE prior to summer 2018

29.12.2017 comments:We can’t act too tentatively and too late

• Corporate bonds are likely to take up slightly larger share of QE
•  We need to move step by step toward monetary policy normalization; can’t act too tentatively and too late
•  The advantages to negative interest rates predominate
•  We shouldn’t rush policy normalization

EURUSD barely notices 1.1988

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K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

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