ECB gov council member ramping up the rhetoric
- hopes for a more rational approach by markets in March
That will depend on how clear the signals are leading up to it.
Reprinted from my earlier post in case some of you had moved on.
- might see negative inflation rate for some months, not for full year
- energy price falls have some second-round effects but core CPI has been relatively stable
- has nothing to add to what Draghi said in December
- too early to have any discussion about cutting any rates other than depo rates
Nowotny in wait n see mode on that last one although I'm sure by his headline he and his pals will be only too keen to give us clear direction before March.
Not.
Nowotny making it clear. As mud
