ECB member Sabine Lautenschlaeger showing her German colours with comments on QE
- Latest ECB measures aren't without risks
- Expansive mon pol has limits
- Currently sees no reason for further measures
- No reason especially for increasing APP
- Eurozone is not in a situation where there is no alternative to loosening mon pol
- We should give current policy time to take effect
- Extreme caution should be exercised with unconventional mon pol measures
- Is scared that future expansion would require ever greater use of instruments
- Extension of stimulus would overshoot the target
- We are far removed from any risk of deflation
I'm sure she's talking about current measures, not what the ECB may throw up at the next meeting
Also hitting is the ESM ok'ing the €2bn payout to Greece
