ECB board member speaking in Frankfurt
- higher growth needed to bring down unemployment, deleverage the economy and raise inflation back to price stability objective
- ECB well aware of negative rate impact on bank profits
- to reduce economic uncertainty both policy makers and financial institutions need to play their part
Full speech on the ECB website
Nothing of note that I can see on first sight but the headline giving euro longs a few jitters hinting as it does that further easing is on the way, but general USD demand too.
EURUSD 1.0860 EURGBP 0.7778 EURJPY 124.23 .
