ECB's Coeuré speaks on risks from non-standard tools
The central bank speak will continue until morale improves!
European Central Bank Executive Board member Benoit Coeuré on a panel along with his buddies
- Monetary policy "may have to resort more often to non-standard measures to meet its price stability mandate"
- Mentions low productivity, ageing societies
- "In these circumstances, we need to be mindful of risks to financial stability. A too protracted period of asset purchases, for example, may cause financial imbalances to build up with potentially adverse consequences for price stability"
The financial stability risks of extended QE is a familiar refrain. No clue from them as to timing though. EUR is wallowing toward its US session low.