ECB executive board/governing council member in an interview at the ECB website

  • helicopter money is not part of current gov council discussions
  • helicopter money can not work without some degree of govt cooperation and that could be problematic
  • further EM fx or GBP volatility increase would be more worrisome than EURUSD

That last comment highlights the concerns over Brexit and the negative impact on the Eurozone/euro.

"Negative interest rates are not our main instrument, they just support our overall policy. And looking ahead, we're not short of instruments - our choice is quite large. We will be able to deal with adverse situations if necessary."

Full interview here.

Meanwhile EURUSD 1.1298 still perky post-Yellen.