ECB's Coeure out on the wires 23 Aug 2016 speaking in Geneva
- economic growth picking up but not as fast as we'd like.
He's not alone on that one then.
- ECB may have to do more if fiscal and structural reforms are inadequate
Not alone on that one either but just how far can CBs go ? Rock and hard place surely.
Meanwhile ECB's Lane at the same event says:
- deleveraging process behind where it is in US
Euro picks up a little bid but EURGBP still struggling to hold any gains back over 0.8600 and that's giving GBPUSD a bid around 1.3180 again after failing above 1.3200.
ECB's Coeure - More stimulus brings more problems