ECB board member over the wires from a scheduled speech 23 June 2016

Headlines out a short while ago but Ryan and I in the webinar and the North American cavalry yet to come over the hill !

  • QE respects prohibition on monetary financing
  • changing mon pol would delay HICP recovery
  • when HICP returns to our objective will phase out PSPP
  • bond buys mirror the market, don't distort prices

Meanwhile GBPUSD is relatively steady around 1.4885 EURUSD 1.1396 USDJPY 105.75 but markets remain extremely fragile.

I'm out of here now and save my energy for the long night ahead. I'll be sticking my head around the door here from time to time to add some local perspective to Eamonn's excellent Asian market coverage.

Remember,