ECB gov member from Lux out on the wires from Budapest
- China is suffering from lower foreign demand
- Euro area has been a key driver of low global demand over the last few years
- Negative inflation will only be for some months
- Negative CPI is not foreseen in H2 2016
- Markets expected too much from ECB in Dec and should learn from that
- It's too early to discuss any rate cuts, including any other than main deposit rate
- March forecasts will be key to any decision
Bloomberg reporting.
"The Eurosystem's QE has had a positive impact on economic growth"
Non-standard mon pol would have been more effective if fiscal policies had moved in the same direction"
Joining the SSM and the SRM would help non-euro countries to prepare for future euro introduction"
Being a bit optimistic on that last one huh?
Yesterday Nouy was banging the same SSM one-rule-for-all drum.
ECB'S Nowotny experiencing particular concerns
