ECB's Hansson says normalisation has already started but is very gradual

Author: Forex Live | Category: Central Banks

ECB Governing Council Hansson and others speaking at Eurofi conference

  • seeing too much emphasis on ECB policy normalisation fears
  • ECB has range of tools, stands ready to act if needed
  • QE caused less ambitious reforms in some cases

ECB's Knot:

  • prolonged monetary easing has diminishing returns

ECB's Nowotny:

  • removing stimulus must be gradual, clear

ECB's Lautenschlaeger:

  • conditions for pickup in inflation are in place
  • order of ECB measures as important as timing
  • communication must be adapted accordingly

Oh yes, all as clear as mud right now from the ECB. Thanks everyone!

Meanwhile EURUSD down 1.2012 again after rally to test 1.2025-30

EURGBP down to 0.9090 helping lift GBPUSD up to 1.3215

    ECB guidance clear as mud right now